This Bill to aid Small Business with tax cuts and loans

[eilen]

Has this passed?

[young but wise]

1. Yes.

[eilen]

2. This is a very great thing. Thank you Obama and the

Democratic Congress.

Last year a friend of mine was reduced to going door to door in my town trying to raise money to reopen her diner. She could not get a loan from anywhere. She said the banks told her her equipment was too old to use as collateral (but it was all paid for). She employed about 25 people prior to it shutting down. She was shut down d/t her landlord trying to get her to sign a new lease with the rent doubled and also giving him possession of all her equipment. Turns out he wanted to rent the place out to a friend and did this to force her out. All she needed was $12,000 for her new place (rent for 1st and last, security and first month's payroll).

[sandnsea]

3. It provides $14 billion in loans

and a bunch of tax cuts in addition to the tax cuts provided back in March. It also allows self-employed people to deduct their full health insurance premiums as a business expense which will reduce social security taxes by a large amount. Lots of good stuff in here.

http://obama-mamas.com/blog/?p=1955