Our daily blend of the latest news, trends and tips for the small business community.
What’s going ‘on’:
Cantor proposes small business tax break: House Majority Leader Eric Cantor (R-Va.) on Wednesday introduced a bill that would reduce by up to 20 percent the tax burden for small businesses, which could total up to 50 percent of the wages they pay employees. Under the current language, the tax break would last through the rest of the year and apply to any business with less than 500 employees.
Senate moves ahead on small business investment bill: The Senate voted on Wednesday to move forward on the JOBS Act, which would make it easier for small businesses to raise money, increasing the chances it could emerge as one of the few bipartisan bills to pass through Congress this election year. The 76-22 vote sets up another on final passage planned for Thursday after the Senate votes on two amendments addressing aspects of investor protection.
Housing data disappoints: Previously owned home sales dropped 0.9 percent in February, according to a report released Wednesday, lower than expected by economists. The disappointing number indicates that roughly five years after the housing bubble burst, the real estate market’s road forward remains bumpy.
Keep an eye ‘on’:
Entrepreneurs urge lawmakers to work with them on regulations:Co-founders of Honest Tea and Pork Barrel BBQ testified before the House Committee on Small Business on Wednesday, outlining policy recommendations they say would foster entrepreneurship and help young companies grow quickly, including taking a “partnership” attitude toward regulation enforcement.
Jeremy Lin pushing Volvo: Emerging NBA star Jeremy Lin has signed a two-year contract with automaker Volvo to promote the company’s cars around the world but especially in Asia, according to an announcement on Tuesday. Lin will participate in Volvo’s worldwide corporate and marketing activities as a brand ambassador.
Helpful advice ‘on’:
How to become an expert in your industry (Open Forum)
How to hire the right press relations professional (Yahoo)
How business etiquette can close a deal (Florida Times-Union)
How women can get their share of contracting work (SBA)
How to build a business mentoring relationship (CNN Money)