NASE News

Senate Wakes Up and Pays Attention to Small Business (Huffington Post)

On the eve of expiration for a number of key small business tax deductions and with the Small Business Administration running out of funding for small business loans, the U.S. Senate finally wakes up and begins to pay attention to small business. The same sector of the business community they have been touting will pull us out of this economic downturn.

With the guidance and leadership of Senator Mary Landrieu, the current chair of the Senate Committee on Small Business and Entrepreneurship, Senate leadership has finally introduced legislation that includes help for our nation's smallest businesses. The Small Business Jobs Act of 2010 (H.R. 5297) includes a one-year business tax deduction for health insurance costs for the self-employed, an increase in the start-up business expense deduction, expansion of Section 179 expensing limits, increases in SBA loan limits, and a new Small Business Lending Fund to help increase access to capital.

Read Kristie Arlsan's entire post here