What About Us?

What about us? ...Seems to be the new mantra small businesses are chanting during the latest round of government stimulus.  According to Treasury Secretary Timothy Geithner the government is not forgetting about small businesses.  With the billions of dollars going to the Goliaths of Citicorp, GM and AIG small businesses are feeling left out.  The White House stated that $730 million is going to the Small Business Administration to lower fees and is also supporting another $28 Billion in SBA loan guarantees.  This may help free up the small business lending freeze.  Giethner also suggested that he will expand this program to provide even more financing to small business.

Small Businesses are concerned under the proposed budget of higher income taxes, reinstated estate tax and possibly higher health care costs to encompass a larger percentage of the workers.

 

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