Word: businessese
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Of course, the vast majority of the 2 million new corporations formed in the U.S. every year are legitimate businesses, taking advantage of these vehicles' ability to fence off liability so that entrepreneurs are not risking their entire financial viability in any one venture. In practice there can be multiple...
But Obama is not giving up on the idea. On Friday, Jan. 29, at an event in Baltimore, he fleshed out his idea for a job-creation tax credit, saying it would induce companies to hire workers. Under the Obama plan, businesses would reportedly get a $5,000 tax credit...
"It sounds good because it's for small businesses and job creation," says economist Dean Baker of the liberal-leaning Center for Economic and Policy Research. "But basically, you are paying companies to hire workers that would have been hired even if you hadn't handed out tax breaks."
Another component of the healthcare bill that is potentially devastating to our generation is the burden it places on small businesses. When one thinks of small businesses, one tends to think of mom and pop stores, family operations, and life savings. Yet a recent Kauffman Foundation report indicated that there...
An earlier version of the Jan. 28 news article "Square Businesses Support Haiti" stated that the special event at OM Restaurant and Lounge was held on Saturday. In fact, it occurred on Sunday.