GOP Senators Examine IRS Unit from Biden’s Administration that Could Have Aimed at Certain Small Businesses
Senate Republicans Take Aim at IRS Compliance Unit Four Senate Republicans are raising questions about the Biden-era Internal Revenue Service (IRS) compliance unit, expressing concerns that its operations may be influenced by “ideological considerations.” They worry this approach could disproportionately affect small businesses nationwide. Republican Senators Marsha Blackburn from Tennessee, Steve Daines from Montana, James […]
Confidence among small businesses falls: Survey
Recent data from the National Federation of Independent Business (NFIB) shows that small business optimism remained steady in April, though not in a particularly strong way. For the second month in a row, the Optimism Index for small to medium-sized enterprises (SMEs) dropped below the long-term average of 98, as indicated in the latest survey. […]
Tish James’ consumer-focused efforts might lead to ‘legal pressure’ and benefit greedy lawyers, according to businesses.
Business organizations in New York are expressing frustration with Attorney General Tish James, warning that her approach could lead to a legislative misstep. Critics argue it favors greedy lawyers and results in a “legal shakedown.” James’ Fair Business Practice Act aims to address issues like theft, hidden fees, and hard-to-cancel subscriptions. However, opponents claim it […]
China will completely open its markets to American businesses, according to President Donald Trump.
On Saturday, President Donald Trump announced that China has agreed to “open to American businesses” following recent trade discussions between the two nations. Trump emphasized that this development is likely the most significant outcome of the trade negotiations, speaking to reporters at the White House on Monday. Treasury Secretary Scott Bessent initiated trade talks with […]
Sununu states the Trump administration has around six weeks to finalize a China tariff agreement to boost confidence in the market and for small businesses.
Former New Hampshire Governor Chris Sununu (R) mentioned on Sunday that the Trump administration has “about six weeks” regarding China tariff contracts to instill “trust” in the market and small businesses. “It seems like they have moved forward as of yesterday, but they’ve essentially given the market around six weeks, and some of these small […]
Concerns grow among businesses as US-China tax treaty may be revoked before trade talks.
As Treasury Secretary Scott Bescent readies for trade discussions in Switzerland, there’s growing concern among businesses regarding the potential cancellation of a tax treaty between the United States and China. American firms operating in China could face difficulties in retrieving profits. Business groups warn that if this treaty is terminated or scaled back, they may […]
Missouri small businesses oppose the city’s plan to take land due to ‘blight’
Several small business owners are suing cities in Missouri this week over officials’ attempts to use eminent domain to take their properties for private development projects. One of the plaintiffs, Martin George, expressed frustration, stating, “We’re not just a game of musical chairs for property in this country.” He and other business owners allege that […]
Hochul to use reserves for late budget decision favoring workers and businesses.
Hochul’s Move to Aid Businesses Raises Concerns Governor Kathy Hochul is making waves with a decision that could ease the financial strain on businesses facing hefty unemployment insurance debts. However, this relief comes at the cost of dipping into state reserves. On Monday, Hochul announced that the state would cover approximately $7 billion of remaining […]
Organization ‘Supporting’ Small Businesses Before National Small Business Week
WASHINGTON, D.C. — Kelly Loeffler, a small business manager, stated on Sunday that the agency is “empowering” small businesses nationwide as it kicks off National Small Business Week. “It’s wonderful to begin Small Business Week here in Washington. From there, we’ll expand across the country. The goal of Small Business Week is to highlight how […]
US Chamber of Commerce urges Trump admin for tariff exclusions for small businesses
Forbes media chairman Steve Forbes analyzes how President Donald Trump's announcement of mutual tariffs means “final lines” for American companies. In a new letter to the Trump administration, the U.S. Chamber of Commerce warned that small businesses need automatic exclusion from tariffs that could undermine their ability to survive. The Chamber of Commerce on Thursday […]