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Obamacare confusion

Chicago Sun-Times
Topics:
Healthcare, General Small Business

There is a lot of confusion and misinformation right now about the future of the Affordable Care Act and open enrollment for purchasing healthcare through Healthcare.gov. Many solo entrepreneurs and small business employees rely on the ACA marketplaces for their health insurance, so it’s crucial that small business owners learn about their options and get covered early.

Interview with John Arensmeyer on VICE News Tonight

VICE News
Topics:
Tax and Budget Reform

VICE News reports on the Republicans next-last shot at Obamacare, The Supreme Court's upcoming decision on whether detained immigrants can be held indefinitely and wind power's bird poop problem.

Get Started: House committee OKs small business tax changes

The Washington Post
Topics:
Tax and Budget Reform

Small business advocates were split about the revised House bill. "It includes real tax relief, allowing small business owners to keep more of their money to invest in growth and create new jobs," said Juanita Duggan, CEO of the National Federation of Independent Business.

But John Arensmeyer, CEO of the Small Business Majority, said that in the new House version, "the bulk of benefits are still going to large corporations and wealthy individuals rather than Main Street." The Senate version also favors the wealthiest corporations rather than small companies, he...

Small-business owners should learn health care options

St. Louis Post-Dispatch
Topics:
Healthcare

There is a lot of confusion and misinformation right now about the future of the Affordable Care Act and open enrollment for purchasing health care through Healthcare.gov. Many solo entrepreneurs and small-business employees rely on the ACA marketplaces for their health insurance, so it’s crucial that small-business owners learn about their options and get covered early.

Nathan Proctor: Republican assault on small business

The Berkshire Eagle
Topics:
Tax and Budget Reform

It's hard enough to compete with big companies as a small business, and the federal government shouldn't make matters worse by letting big companies avoid their responsibilities. Instead of closing these loopholes, the bill moving forward in Congress right now would make them worse. They would slash the tax bill owed by offshoring companies by hundreds of billions of dollars and widen loopholes that reward offshoring moving forward.

According to Small Business Majority, the tax provisions which tax writers claim will help small business won't do much. The cut on...

Black Businesses In Chicago Have Chance At $500,000 Through Online Portal

The Maven
Topics:
Access to Capital

This project is SimpleGrowth, a new online lending marketplace, a combined venture between the national advocacy group Small Business Majority, a national online lender Fundera, and micro-lender Accion.

Things May Have Just Got Easier for Entrepreneurs in Chicago

Ebony
Topics:
Access to Capital, General Small Business

Small Business Majority, Fundera and Accion have developed SimpleGrowth, an online lending marketplace. The first of its kind online financial resource platform allows Black entrepreneurs in the city to connect will lenders with the click of a button.

Big business is a big winner of GOP small business tax plan

The Washington Post
Topics:
Tax and Budget Reform

House GOP leaders have hailed their new tax proposals as helping the small-business owner, but small-business associations say they help big enterprises, not small ones, and vowed Tuesday to sink the bill in its current form.

John Arensmeyer, head of the Small Business Majority, said the pass-through provision would benefit only 2 percent of small businesses. And he disagrees with Ryan when the speaker says that small businesses would benefit from the abolition of estate taxes; Arensmeyer said about 20 small businesses a year are big enough to trigger estate taxes.

Get Started: Mixed small business reception for GOP tax plan

CNBC
Topics:
Tax and Budget Reform

The GOP's proposed tax overhaul is getting a mixed reaction from small business advocates, with some saying they hope the plan will be revised as it makes its way through Congress.

Small Business Majority CEO John Arensmeyer said, "nearly nine in 10 businesses that pass through their income already pay at the 25 percent rate or less," and said the bill would help wealthy individuals more than small businesses.

Why the Republican Tax Plan Won't Help Small Businesses

Fox Business
Topics:
Tax and Budget Reform

Small Business Majority CEO John Arensmeyer joins Stuart Varney on Fox Business to discuss the House's tax plan and its impact on small businesses.

99.1 FM Radio Talk of Small Business Majority

99.1 FM Radio
Topics:
Tax and Budget Reform

“Small business organization says 70% of their members say “no thanks” to tax bill. Small Business Majority is the name of this group, John Arensmeyer the founder.”

Tax plan scapegoats small businesses: Letter to the editor

The Oregonian
Topics:
Tax and Budget Reform

Small business owners already feel the current tax system unfairly favors big business which was underscored by a recent opinion poll from Small Business Majority. The poll also found small businesses want tax reform to make the system more fair rather than simply handing out tax cuts.

Small business reaction to new GOP tax plan

Fox News
Topics:
Tax and Budget Reform

Small Business Majority founder and CEO John Arensmeyer joins the debate.

Trump's tax reform: All the benefits for big business?

Fox Business
Topics:
Tax and Budget Reform

The GOP released its tax reform framework on Thursday, which it is heralding as a blueprint to boost growth for U.S. businesses both large and small, but larger corporations appeared more satisfied with the proposals than their smaller counterparts.
 
Similarly, the founder and CEO of the Small Business Majority John Arensmeyer said the bill would drive up the deficit while doing “virtually nothing” to benefit America’s small businesses.

These powerful business groups hate the GOP tax plan

CNN Money
Topics:
Tax and Budget Reform

Most small businesses are set up as "pass-throughs," meaning their profits are passed through to the owners, shareholders and partners, who pay tax on them through their personal returns. The GOP tax bill slashes the pass-through tax rate to 25%.
 
However, small business owners fear this won't help the vast majority of them because most already pay taxes at a 25% rate or less. "This proposal would primarily help wealthy individuals rather than small businesses," according to John Arensmeyer, CEO of the Small Business Majority, another advocacy group....

New Online Portal Offers Loans Up to $500,000 to African American Entrepreneurs in Chicago

Black Enterprise
Topics:
Access to Capital, General Small Business

The national advocacy group Small Business Majority, national online lender Fundera, and micro-lender Accion have developed SimpleGrowth, a new online lending marketplace. Calling SimpleGrowth a first-of-its-kind local lending portal, officials say the platform will allow African American entrepreneurs in Chicago to connect with area lenders via a website.

John Arensmeyer, Small Business Majority founder and CEO, says lack of access to capital for small businesses is a major problem and is throttling our economy. “Small business owners represent 99% of employer firms, but many who...

Inside the Tax Bill: Entrepreneurs Are Losers

Inc
Topics:
Tax and Budget Reform

About 95 percent of the companies in the U.S. are structured as pass-through businesses. However, to prevent the rate from becoming a loophole for individuals, tax writers created a formula that will make business owners pay a higher individual tax rate on income that they receive as wages. This has angered some entrepreneurs, including the Small Business Majority, a left-leaning advocacy organization, which wrote in a statement that slashing the pass-through rate would help very few owners.

Republican Tax Plan, Small Business on the Hook

Tampa Bay Times
Topics:
Tax and Budget Reform

Small business owners already feel the current tax system unfairly favors big business, which was underscored by a recent opinion poll from Small Business Majority. The poll also found small businesses want tax reform to make the system more fair rather than simply handing out tax cuts.

Opinion: House Tax Bill Won’t Save Most Small Businesses Money

AccountingWeb
Topics:
Tax and Budget Reform

The following is a statement from Small Business Majority Founder & CEO John Arensmeyer on why tax legislation released today by the U.S. House of Representatives will increase the deficit without helping small firms.
 
The tax legislation released today by Republican leadership in the U.S. House of Representatives may be advertised as a windfall for small businesses, but in reality would be little more than a $1.5 trillion expenditure that would not pay off for Main Street.

Mnuchin, small business groups clash over tax plan benefits

Fox Business
Topics:
Tax and Budget Reform

Additionally, the founder and CEO of the Small Business Majority said the legislation would significantly increase the deficit without bringing any tangible benefits to America’s small businesses.

“Today’s tax proposals are being billed by many as ‘small business tax cuts,’ but as the research shows, they won't actually help the vast majority of small firms,” John Arensmeyer said in a statement.

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