The Obama House

Posted by admin / Under Small Business Administration

Linky

Published on Friday 30th of July 2010 04:52:12 AM

continue reading

Small Business Owners Furious as ‘Tan Tax’ Begins

Posted by admin / Under Small Business Administration

Tanning salons brace for the hit ObamaCare is about to put on their bottom lines. The thirty million Americans who visit indoor tanning facilities each year are about to get an unwelcome lesson in ObamaCare every time they walk through the front door of the tanning salon. That lesson comes in the form of a president and a Congress with a target on the tanners’ wallets: starting today — July 1 — the ObamaCare tax on “indoor tanning services” takes effect — a 10 percent federal excise tax on the retail price of a tan. The tax is just one...

Published on Friday 30th of July 2010 04:52:12 AM

continue reading

Obama to relieve McChrystal of command

Posted by admin / Under Small Business Administration

Sources tell NBC News that the president has decided to replace him WASHINGTON - President Barack Obama has decided to relieve Gen. Stanley McChrystal of his command over all U.S. military forces in Afghanistan, sources tell NBC News. Obama is scheduled to make an official 1:30 p.m. EDT announcement about the general.

Published on Friday 30th of July 2010 04:52:12 AM

continue reading

Obama to speak after cabinet meeting (McChrystal must have gotten under his thin skin)

Posted by admin / Under Small Business Administration

President Obama will make a statement to the pool after meeting with his cabinet at 4 p.m., the White House announced.

Published on Friday 30th of July 2010 04:52:12 AM

continue reading

Small Firms May Not Keep Current Health Plans After White House Decision

Posted by admin / Under Small Business Administration

Although President Obama and many Democrats promised during the health care reform debate that “if you like your health plan, you can keep it,” the health insurance plans that are now offered by small businesses probably will not survive the transition to a regulated marketplace. The Obama administration acknowledged this on Monday, when it proposed regulations for determining what insurance plans can remain exempt from market reforms. And while participants in those plans will probably be grateful for it, business owners may be less sanguine about the outcome. Because so many people were evidently reluctant to trade the comfort of...

Published on Friday 30th of July 2010 04:52:12 AM

continue reading

What Health Overhaul Means for Small Businesses

Posted by admin / Under Small Business Administration

The health-care overhaul that President Barack Obama signed into law will mean big changes for many small businesses. Through a combination of penalties, tax credits and purchasing pools, lawmakers aim to boost insurance coverage for U.S. workers. How this legislation will affect businesses depends in large part on their size. Beginning in 2014, organizations with more than 50 employees that don't offer affordable coverage will pay a penalty starting at $750 a year per full-time worker under the bill approved by the Senate and House of Representatives. A proposal approved separately by the House, which still requires Senate approval, would...

Published on Friday 30th of July 2010 04:52:12 AM

continue reading

Obama unveils $33 billion tax credit to boost jobs

Posted by admin / Under Small Business Administration

BALTIMORE (Reuters) – President Barack Obama on Friday proposed $33 billion in tax credits to coax small businesses into hiring workers as he underscored his commitment to pushing job creation to the top of his agenda. With public frustration over double-digit unemployment eroding his popularity, Obama has begun rolling out initiatives aimed at backing up his jobs pledge made in his economy-focused State of the Union Address earlier this week. The latest proposal calls for a $5,000 tax credit for every net new worker hired in 2010. The amount would be capped at $500,000 per firm to make sure that...

Published on Friday 30th of July 2010 04:52:12 AM

continue reading