Small business news has been featured in a few hard-hitting publications this week, including The New York Times, The Wall Street Journal, and Time. Check out some of the biggest stories on federal contracts, taxes, and health reform as it affects small business employees below.
- Small Gains for Small Business in Federal Contracting: Robb Mandelbaum of The New York Times reports that according to the Small Business Administration, federal contracts awarded to small businesses has increased since last year for the first time in five years. The numbers still aren’t high enough to reach the government’s small business contracting goals, however, so it’s not all great news. Be sure to check out the full report, and feel free to share your thoughts in the comments.
- The Small Business Tax Hike and the 97% Fallacy: Kevin A. Hassett and Alan D. Viard write in The Wall Street Journal contend that the Obama administration’s claim that allowing the Bush tax cuts to expire would only adversely affect 3% of small businesses is misleading; their research considers the true volume of tax returns that claim small business income (48%) and other independent economic research. Read their side of the argument, and let us know what you think.
- Health Reform is Good for Small Business Employees: Kate Pickert writes for Time that “the new law may actually be good for people who work for small businesses.” Pickert discusses a recent RAND Corporation study, which found that when the Affordable Care Act is in place, “95% of American workers will have health insurance through their jobs, up from 85% today.” Does this make you feel better about health care reform regarding your small business?
What’s new in your small business world this week?