National

The president-elect recently vowed to reduce the cost of prescription drugs, which is encouraging news for health consumers — including small business owners who say the high price of medications is affecting their bottom lines.

September 8 marks the centennial of the estate tax, which establishes a tax on certain estates that are transferred as inheritance. To mark the occasion, we’ll likely see many pundits calling for the abolition of this tax and knocking its impact on small businesses. But the reality is that the estate tax, which only applies to estates valued above $5.4 million, impacts very few small businesses. Instead of worrying about a tax that affects only the very wealthy, we should take this time to focus on the real tax issues that hurt small businesses - like inversions and other loopholes that favor larger corporations at the expense of Main Street.

Keith Crawford knows the construction business inside and out. He began his career as a construction contractor, but stood apart for his business capabilities. He was often asked by competitors to close shop and work for them. After spending years as an admired authority on construction, Crawford finally launched his own consulting firm.

We often hear from small business owners that they feel like their voices are not heard on key issues that impact their small businesses. That’s why we brought 150 small business owners to D.C. for our second annual Small Business Leadership Summit. With its theme, “Recognizing the Power of the Small Business Economy,” this year’s Summit discussed how the small business case is too often misunderstood and misrepresented in the media, at the public policy table and at the ballot box.

During National Small Business Week, Small Business Majority is recognizing small business owners who strive to give back to their communities. Bryce Smith, owner of the Adel Family Fun Center in Adel, Iowa, is certainly one of them.

This is a guest post from Maria Contreras-Sweet, Administrator of the U.S. Small Business Administration (SBA). This blog originally appeared on the SBA’s website.

The health care law includes the employer shared responsibility provisions, which require applicable large employers to offer health coverage to full-time employees and their dependents. Those that do not offer coverage might be subject to the employer shared responsibility payment.

Here are six facts about these provisions.