Posts Tagged ‘tax credits’

“Twisting In the Wind”

This article has been posted on The Huffington Post. To read it there click on the link.

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Congress avoided going over the proverbial ‘Fiscal Cliff.’

Republicans, universally incapable of compromise, caved in the wee hours of the morning to prevent us from potential economic damage to the economy and the recovery.

As a result, taxes were raised on income over $400 thousand, unemployment insurance was extended, and the Alternative Minimum Tax was put to rest forever. These moves all help continue the slow growth and keeps us on a path to possible recovery.

Significant? Yes! But is it sufficient?

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“A Small Business Dilemma – Survival”

This new post has just been accepted for The Huffington Post and was posted at 2:30 pm on August 6th. Read it on their page at: http://www.huffingtonpost.com/jim-worth/a-small-business-dilemma_b_672808.html I have been selected as a Huff Post Blogger and will post more articles in the near future!

Here is the article at The Cutting Edge.

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Small Businesses are not hiring or borrowing, because…there’s no demand!

This has been a long hard recession for small business. And though, officially, the recession is over, it has not ended for small businesses.

They are hesitant to take any risks or borrow more money, and most cannot even consider hiring new help. Things really began to slide downhill for small businesses and their owners after the financial meltdown of the Big Banks. And now they are fighting for their very survival.

The Big Banks are back to making money thanks to the largess of the taxpayers. But small businesses have received no help from the taxpayers, or Congress.

Production has improved. Hours worked have increased slightly. But neither of those improvements have helped small businesses. The perceived slow recovery has not benefitted small businesses either.

It has become a matter of survival for millions of small businesses throughout the country. From manufacturing and services, to retail, restaurants, and entertainment, demand for their products and services is flat or down. And, until that demand picks up, small businesses will not take on more debt to expand nor will they hire on just expectations that the slow improvements will continue.

Therein lies their dilemma.

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