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The Bureau of Economic Analysis reported that the U.S. trade balance widened somewhat in January, with the country importing $46.3 billion more than it exported. While exports of goods and services continue to rise, import growth is outstripping it right now. Ideally, we would like to have our net exports expand...
When you speak with small business owners, many of them will tell you that access to credit remains a challenge. A recent survey from the International Franchise Association (IFA) found that 39 percent of franchisors reported that at least half of their franchisees had been unable to obtain necessary funding, either to open a new franchise or to expand a new one.
On March 16, the House Republican leadership hosted a forum on job creation with business leaders from across the country discussing the obstacles to growing their companies. Majority Leader Eric Cantor said, “We believe that you need to listen to those who are willing to take a risk and bet on America.” He added that we should ensure that we best position our country for entrepreneurship. Speaker of the House John Boehner said that many Americans continue to ask, “Where are the jobs?”
Earlier this year, Senate Democrats introduced the “Cyber Security and American Cyber Competitiveness Act of 2011”. This bill, which was introduced by Sen. Harry Reid (D-NV) with a number of cosponsors, is needed, according to its authors, because of emerging threats to businesses and national security.
The Senate is expected to vote on April 5 on a 1099 fix resulting from passage of the Patient Protection and Affordable Care Act of 2010 (P.L. 111-148). Specifically, Section 9006 would require all small businesses that purchase more than $600 in goods or services from a supplier to issue a form 1099 for tax purposes to that supplier.
I recently wrote about the tremendous backlog of patent applications at the U.S. Patent and Trademark Office (PTO). Indeed, with a backlog of over 700,000 patent applications, investors have become frustrated with long processing times. Yet, as I was writing about the PTO budget, the U.S. Senate was considering a major reform of the patenting process.
A couple years ago, Rep. Paul Ryan (R-WI) kick-started the conversation on deficit reduction with the release of “A Roadmap for America’s Future.” Since then, a number of organizations from varying ideologies have put forward their proposals to fix the nation’s fiscal crisis. The most notable of these were the recommendations made by the National Commission on Fiscal Responsibility and Reform, which was led by Erskine Bowles and Alan Simpson, in “The Moment of Truth.” While many of the recommendations differ, all sides tend to give Congressman Ryan credit for advancing his outline and stimulating the dialogue.
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