Trump Took Federal Money Meant For Small Businesses Affected By 9/11 Attacks

by Stephen D Foster Jr – Trump is a millionaire who clearly doesn’t need federal money for his businesses, but he took it anyway, even though it was supposed to go to small businesses that were devastated by the terrorist attacks on September 11, 2001. When the twin towers fell that day, it did significant damage to many area businesses. Many businesses were wiped out entirely because they were based within the World Trade Center. In the aftermath, people avoided the area and area businesses struggled to survive the economic hit. That why Congress tried to come to their rescue by passing a recovery program earmarking hundreds of millions of dollars meant to help small businesses that were affected by the attacks. However, small businesses that could have been helped were actually shortchanged because wealthy corporations ended up getting awarded millions of dollars despite not being near Ground Zero. Donald...

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It’s Now Way Easier For Small Businesses To Go Solar

by KATIE VALENTINE – In the past, small and medium-sized businesses that wanted to install solar panels were, for the most part, forced to buy them — meaning that companies that didn’t have enough money upfront to pay for the panels weren’t able to go solar. Now, that’s changing. SolarCity announced Tuesday that it was starting to offer a leasing plan for small and medium-sized businesses. That’s a corner of the solar market that, so far, has been neglected, SolarCity Chief Executive Officer Lyndon Rive told ThinkProgress. And it’s a big corner — according to SolarCity, 99 percent of all businesses in the U.S. are small or medium-sized, a designation typically reserved for companies with fewer than 500 employees. Until now, it’s been too expensive and too difficult for companies like SolarCity to find ways to finance solar arrays for smaller businesses. Under SolarCity’s new program, the company plans to...

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Federal Politicians Announce Commonsense Tax Reform For Legal Marijuana Businesses

By Johnny Green, The Weed Blog – Thursday, Representative Earl Blumenauer (D-OR-03) and Senator Ron Wyden (D-OR) announced plans to introduce bicameral legislation next week that would reconcile state marijuana laws and federal tax law. The Small Business Tax Equity Act, which was introduced last Congress by Congressman Blumenauer, would create an exception to Internal Revenue Code Section 280E to allow marijuana businesses operating in compliance with state law to take deductions associated with the sale of marijuana like any other legal business. “More than two-thirds of Americans now live in jurisdictions that have legalized either the medical or adult use of marijuana. It’s time for the federal government to catch up,” said Congressman Blumenauer. “Section 280E creates an unequal and unrealistic tax burden on these businesses. I’m excited to work with Senator Wyden in introducing the Small Business Tax Equity Act, which would bring much needed fairness and...

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Tea Party’s Disastrous Tax Cut Experiment Comes To Ohio

by ALAN PYKE – Ohio Gov. John Kasich (R) wants to mimic a tax cut experiment that has already brought fiscal calamity and public service cuts to a state 600 miles west of his. Kasich describes his $696 million tax cut as a helping hand to small businesses. But the design of the cut would put the bulk of that benefit into the hands of just a few high-income business entities with a handful of employees while providing just a few hundred dollars each to the vast majority of the people who would benefit, according to an analysis by the Cleveland Plain Dealer. For nine out of every 10 companies that would benefit from the Kasich cut, the total yearly savings would be $364 or even less. For the remaining 10 percent of companies affected, savings could be as high as $8,000 a year, a number that Kasich administration officials...

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