As small business owners prepare to close the books on 2012, our country is fast approaching the edge of what’s been dubbed the “fiscal cliff.” This critical situation—created by a host of tax cuts set to expire at the end of 2012, coupled with billions of dollars in automatic spending cuts that will be triggered if Congress and the president can’t agree on a way to reduce the deficit by year’s end—has dire consequences for small businesses. Many of the tax provisions set to expire benefit small businesses and the middle class, small businesses’ core customer base.
What started as a chance encounter between two community-minded engineers at a conference blossomed into a lasting partnership and an innovative small business focused on public engagement and environmental planning.
Nspiregreen, the brainchild of business partners Veronica Davis and Chancee Lundy, is a Washington, D.C.-based environmental and urban planning consulting firm.
Small Business Majority CEO John Arensmeyer
Some work has been done recently to address tax loopholes for large corporations, such as the notorious corporate tax inversions, which put small businesses at a disadvantage, but more needs to be done to help level the playing field for small businesses.
Karen Mills, former SBA Administrator, just posted a terrific blog about the importance of greater investment in America’s infrastructure to small businesses and entrepreneurs.
Ms. Mills’ remarks, presented at the 2014 America on the Move Summit at Harvard Business School, outline how investments in infrastructure will help businesses grow in the present while keeping them competitive for the future.
As Fairfax, Va., small business owner Mike Brey prepares to close the books on 2012, he’s also starting to make expansion plans. But he hasn’t sealed the deal on his two new Hobby Works stores yet — largely because of growing economic uncertainty as we race toward the edge of the “fiscal cliff.”
The budget proposal President Obama released today keeps the spotlight trained on small businesses’ key concerns: enhancing access to credit, investing in job-creating infrastructure projects and boosting small business provisions in the Affordable Care Act.