435 results for search: businesses


Internet businesses, taxes, & Senator Mitch McConnell

In late April, Senate Minority Leader Mitch McConnell (R-KY) spoke against the Marketplace Fairness Act. The Senator’s comments – seen in full here – deserve both criticism and praise for philosophically sound positions and an awareness of the complexity of America’s various tax codes mixed in with factually inaccurate assessments of the Act. First, where the Senator was correct. As part of his statement, Senator McConnell said there are “there are nearly 10,000 state, local and municipal tax codes nationwide.” Glenn Kessler examined this at The Fact Checker, and found the following: McConnell’s office said he got the figure from ...

Obamacare Impact: Small Businesses Hurt by Obamacare.

Mike G is a small business owner. Read his story about how Obamacare is taking money out of his pocket. Last year I was robbed of $4,600, I am currently being robbed as I speak, and my employees who have health insurance are also being robbed. In fact did you know that over a million small family run businesses that provide health insurance for their employees are also being robbed at this very moment? We can’t call the police we can’t call the FBI, the CIA, Not even Superman or Captain Marvel can even help! We are being robbed due to the implementation of the Patient Protection and Affordable Care Act. Which was created by the new Super ...

Rep. Campbell Proposes New Property Insurance Options for Businesses

Many businesses, especially in high risk areas like hurricane territory have few options for low cost insurance. Some have turned to forming captive insurance entities such as risk retention groups which are insurance companies owned by their own company or an association of similar companies to meet their needs. These entities are currently not able to provide commercial property insurance to their insured owners. Rep. John Campbell has authored the Risk Retention Modernization Act (HR 2126) with his cosponsor Rep. Peter Welch (D-VT) to try to change this. “This bill addresses a critical need in commercial insurance for business entities. ...

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Daily Signal: ‘The American people don’t like Obamacare and never have’

President-elect Donald Trump's victory over former Secretary of State Hillary Clinton indicates Americans’ general displeasure with career politicians but perhaps more so his victory underscores a deep-seated dissatisfaction with President Obama’s signature health-insurance law, the so-called “Affordable Care Act” — poorly thought out, crammed through Congress without due diligence and protected against legal challenges by the U.S. Supreme Court. The Daily Signal has the story: The American people don’t like Obamacare and never have, and it’s not hard to see why. Pew and Gallup both report that year after year, more Americans say the ...

Texas restaurateur closing sports bars because of Obamacare, says mandate ‘makes no sense’

The owners of a Fort Worth, Texas sports bar are closing their doors after five years in business, citing the burden of complying with Obamacare regulations as the straw that broke the camel’s back. “If we were to stay in business, there was no way for us to have borne the weight of the oppressive penalties for failing to comply with the mandates of that legislature. Therefore, another establishment goes out of business. Over fifty people lose their jobs. Suppliers and vendors lose the revenue of our account,” reads a statement from owners Bill and Johnnie Katz posted to Facebook Monday. The so-called Affordable Care Act requires ...

Tax-policy expert: Tax reform needed to ‘revive the slow-growing economy’

Heritage Foundation Tax-and-Economy Research Fellow Curtis Dubay Tuesday explained why Congress must come up with a common-sense tax-reform plan that addresses our lethargic economy and gives it the jump-start it needs to get Americans working again. The Daily Signal has the commentary: Tax reform is badly needed to revive the slow-growing economy and increase job creation and wages for American families. The current tax system is a large weight holding the economy back from growing as strongly as it could, thereby suppressing opportunity for Americans at all income levels. To free the economy to grow larger, tax reform must lower marginal tax ...

President Obama: Regulator in chief

President Obama in his almost eight years in office has upped the number of major regulations 31 percent over his predecessor George W. Bush adding more than $750 billion in overall costs to business and citizens and nearly 500 million more hours of paperwork, according to recent analysis. The Washington Examiner has the details: Businesses and conservative politicians have complained that the overwhelming burden of new federal regulations, especially in the health and financial world, has led to massive job cuts and bankruptcies. But the administration shows no sign of slowing down in the final leg of its eight years, said analyst Sam Batkins, ...

Here’s what you have to go through to become a hair braider in some states

If our leaders really wanted to create jobs, they could start by keeping government from crushing small business ventures. In yet another example of bloated regulation, an Institute for Justice report has found that burdensome licensing laws require hair braiders to spend as much as 2,100 hours in training and thousands of dollars on tuition. These barriers prevent entrepreneurs, many of whom are lower-income, from working at a job that many learned in childhood and have practiced for years. Via the Washington Free Beacon: The report also finds that these requirements kill jobs and prevent hair braiders with less capital from entering the job ...