Fate of Obama's small-biz plan unclear
Friday, October 23, 2009 | 2:37 pm
Wondering what's up with the small-business bailout plan President Obama announced earlier this year? Reaction is starting to trickle in, and it's a mixed bag so far.
And here's what the National Federation of Independent Business, a business-interest lobbying group, had to say about the proposal:
“Currently, planning for the estate tax is an expensive burden that small business owners must go through each and every year in order to ensure that their hard-earned businesses can remain in the family. This requires time, money and resources that small business owners would much rather invest in expanding their businesses and hiring new employees.
“NFIB is encouraged by the bipartisan support for H.R. 3905. Permanent repeal of the estate tax remains one of NFIB’s top priorities, and H.R.3905 moves us closer to that goal. We look forward to working with members of Congress to ensure that the estate tax is no longer such a threat to America’s small businesses.”
And here's what the National Federation of Independent Business, a business-interest lobbying group, had to say about the proposal:
“Currently, planning for the estate tax is an expensive burden that small business owners must go through each and every year in order to ensure that their hard-earned businesses can remain in the family. This requires time, money and resources that small business owners would much rather invest in expanding their businesses and hiring new employees.
“NFIB is encouraged by the bipartisan support for H.R. 3905. Permanent repeal of the estate tax remains one of NFIB’s top priorities, and H.R.3905 moves us closer to that goal. We look forward to working with members of Congress to ensure that the estate tax is no longer such a threat to America’s small businesses.”
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