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Tag Archives: small businesses

Lanhee Chen: A Step In The Right Direction On Health Care

Tax Reform

So far this year, Republicans in Washington have been unable to fulfill their promise to repeal and replace Obamacare. It’s been a source of great frustration to those around the country who have suffered under the weight of higher health insurance premiums, and fewer health care choices.

To help address these problems, President Trump signed an executive order that will, hopefully, increase access to lower-cost plans and expand choices for consumers across America. It would make it easier for employers—particularly small businesses—to band together to offer cheaper insurance. The order would also expand access to so-called “short-term” plans that offer fewer benefits for a limited duration of time, but at much lower cost.

Is the executive order the same as repealing and replacing Obamacare? Of course not. But could it have an impact for some Americans who have struggled under conditions created by Obamacare? Absolutely. Congress should continue to work with President Trump to deal with the challenges and problems created by Obamacare. The future health of our health care system depends on it.

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Jerry Bowyer: On Tax Reform: Businesses Take “Wait and See” Approach

Jordan Peterson

Republican leaders are now out with their proposal for tax reform.

The good news is the plan is pro-growth. It really could get us out of the lurch, giving corporations a mechanism to bring almost 3 trillion dollars home from abroad, and to reinvest that money right here … in America.

The bad news—or the concerning news—is we’re running out of time.

The plan allows businesses to fully expense many equipment purchases. But until the tax passes, business are going to take a “wait and see” approach.

Why buy equipment now if you can wait till tax reform passes?—when you can then buy and deduct the expense right away?

If the tax reform takes too long to pass, the economy will slow, and the GOP could enter a mid-term election in the midst of a slow-down or even a recession—and they’ll pay a price.

No, this tax plan is not perfect, but it’s a vast improvement over what we have now.

Republicans and moderate Democrats ought to move quickly to pass it.

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