Hot Topic: Obama’s Small Business Proposals, Updated
by Christina Lee on January 7th, 2009
With less than two weeks until President-elect Barack Obama’s inauguration, small business owners may witness the start of a few changes over the next few months. Keep watching closely to see what develops: The $300 Billion Tax Cut Throughout his presidential campaign, Obama has supported the implementation of a middle-class tax cut, amounting to $500 for workers and $1,000 for families. But his latest economic agenda calls for far more money than anticipated and potentially more than ever requested by any president. Provisions aimed for immediate relief include one that would allow businesses to write off huge losses of 2008... Read more »