Helping small business - DC style
October 14th, 2008 KevinSaw an interesting post today in the Wall Street Journal’s Independent Street blog on the Presidential candidates’ plans for helping small businesses.
One thing that seemed missing was help to push though legislation to make the home office deduction easier. In fact, it’s pretty funny to see candidates talk about assistance in covering health care benefits for employees, or lowering the tax rate on corporations. Given that almost 21MM small business in the US have no employees (out of ~27MM), and the vast majority are sole proprietors, it makes one wonder if the largest segment of entrepreneurs isn’t being overlooked. Oh yeah, and those 20.7MM non-employer businesses? They generated $970 Billion in receipts in 2006.
We can’t make the government give entrepreneurs a break, but at least we can help them write off their business deductions.
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