Our daily blend of the latest news, trends and tips for the small business community.
What’s going ‘on’:
Trade deficit slims: The nation’s trade deficit declined 3.8 percent to $487 billion in May, in line with most economists’ predictions, according to the latest figures released by the Commerce Department. The dip was largely the result of falling oil prices and weakening demand for consumer goods.
House votes to repeal Obamacare: The House of Representatives voted Wednesday to repeal the health-care law, a symbolic gesture of Republican opposition to the law that has no chance of approval in the Democrat-controlled Senate. Five Democrats joined all Republicans who voted to throw out the legislation.
Federal tax rates hit 30-year low: Americans paid the lowest federal tax rates in three decades in 2009, according to a new report released Wednesday by the Congressional Budget Office. A sharp decline in income and the president’s tax reduction efforts each played a role in the significant decline.
Keep an eye ‘on’:
Kickstarter crossing the pond: Kickstarter, one of the most popular crowdfunding platforms, will make its services available in the United Kingdom starting this fall, according to an announcement earlier this week. Currently, all Kickstarter projects must originate in the United States, though investors can be located anywhere in the world.
Helpful advice ‘on’:
How to recharge your sales (Entrepreneur)
How to stay connected while traveling (Open Forum)
How to know if your firm is OSHA-exempt (Huff Post)