Quote:
Originally Posted by aceventura3
Small business owners are not laughing today, and won't be anytime soon.
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ace...I agree that business community is not laughing......it does appear that they are applauding a good first step.
The US Chamber of Commerce (more than 96% of U.S. Chamber members are small businesses with 100 employees or fewer) while noting that the bill is not perfect, supports it.
Quote:
...“While we’re concerned with individual items in this package, the whole is more important than the individual parts. The global economy is in uncharted and dangerous waters and inaction from Washington is not an option. No package of this size can be perfect but we need a bill that will unlock capital markets, free up credit, and create momentum in the economy.
“The Chamber is disappointed that the net operating loss (NOL) provision is not expansive enough to apply to all businesses, but we’re pleased that the current bill will provide some help to smaller Main Street businesses. We support the cancellation of indebtedness tax provisions that will encourage businesses to restructure and reduce debt, enabling them to preserve jobs, renew investment, and begin to grow once again....
...Spending on ‘shovel-ready’ construction projects, expanding broadband access, and modernizing our health care information are major steps toward boosting our nation’s infrastructure and creating American jobs.
“And by offering tax incentives to first-time home buyers and new car purchasers, this bill could provide much needed liquidity to the market while jumpstarting critical industries.
“We urge both chambers of Congress to swiftly pass the bill....
U.S. Chamber of Commerce - February 12 - U.S. Chamber Outlines Support for Legislation that Creates Jobs, Helps Small Businesses
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Many, including Obama, agree its not a perfect bill and that the "whole is more important than the individual parts."
The
National Association of Manufactures supports the bill as well....as does the
Business Roundtable.
Reasonable people dont expect perfection....they expect an honest and sincere effort to address a national problem.