Once again we hear from Washington the same solution they seem to have for any and every economic issue — more debt. This time the problem that they debt solution is being applied to is small business exports. In a report just released by the Office of Advocacy of the SBA we are told that [...]
The post Same Wrong Answer appeared first on Dr Jeff Cornwall.
There is a move to repeal a major new tax, called the health insurance tax (HIT), which is a key part of ObamaCare. From the NFIB: The tax begins at $8 billion in 2014, rises to $14.3 billion by 2018 and continues to increase. In effect, the HIT will ultimately pass along $87 billion in [...]
The post Small Business will Take a Hit from HIT appeared first on Dr Jeff Cornwall.
One of my students sent along an telling tale from Spain. It seems that when times get tough enough, 26% unemployment in the case of Spain, people become incredibly resourceful. From the Taipei Times: The crisis sparked by the collapse of Spain’s building boom had wiped out a lot of self-employed entrepreneurs: 625,000 between 2008 [...]
The post When Times Get Tough appeared first on Dr Jeff Cornwall.
So why are we hearing all the attention being paid to taxing those making over $250,000 in the current debate over how to increase revenues to the government? We are told that it is part of Pres. Obama’s “Buffett Rule” that increases taxes on a mythical group of super-rich people, many of whom we are [...]
The post Beware of Misdirection When it Comes to Tax Increases appeared first on Dr Jeff Cornwall.
I have been relatively quiet about this past election. Why? I really did not believe that the outcome would be that different on its impact on small business no matter which of the two parties won. While there may have been some differences in the pace of policy change and in how it is implemented, [...]
The post Now What? appeared first on Dr Jeff Cornwall.
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TweetFacebookLinkedInTumblrStumbleDiggDeliciousThe post Belmont Entrepreneurs Speak Out About the Economy appeared first on Dr Jeff Cornwall.
September was another month of low expectations and pessimism for the small-business community, with the NFIB Small Business Optimism Index losing 0.1 points and falling to 92.8. The recession-level reading was pulled down by a deterioration in labor market indicators, with job creation plans plunging 6 points, job openings falling one point and more firms [...]
The post Small Business Owners Still in Recession Frame of Mind appeared first on Dr Jeff Cornwall.
I still look forward to the beginning of classes each fall. I am excited to see the new groups of faces in each of my classes. I am excited to try out the new materials and new pedagogical approaches I worked on over the summer. I still get a few butterflies in my stomach when [...]
The economy continues to languish while the politicians blame each other and business owners continue to wait for signs that things are really going to improve. The big word for many entrepreneurs is uncertainty. It is not only uncertainty about when a true recovery will begin, but also uncertainty about things such as tax rates, [...]
Lee Schafer of the Minneapolis Star Tribune called me the other day to see if I had any information on the effectiveness of angel investment tax credits for a story he was writing. I told him that all that the tax credit programs do is speed up or slow down investments (to take advantage of [...]
