“Small businesses are looking for government to function and get a lot more done,” said John Arensmeyer, chief executive officer of the advocacy group Small Business Majority.
A few of the options on the table in this upcoming Congress are:
- Reduction in corporate tax rate from the current 35%
- Small Business tax deductions
- Bonus depreciation
- Reduction in paperwork for SBA loans.
“It’s expected to encourage more banks, particularly smaller ones, to make SBA-backed loans, said SBA Administrator Maria Contreras-Sweet.”
Read the full article here.