NFIB Weekly News

NFIB Weekly News Leading the News

US House Passes Corporate Transparency Act (10/29/2019)

The Wall Street Journal (10/22, Parker, Subscription Publication) reported the US House of Representatives passed the Corporate Transparency Act of 2019, which requires companies to disclose the identities of their owners in order to combat money laundering, bribery, and other crimes. The White House commended the bill in a statement released before the vote.

Business Climate

IMF Managing Director Applauds Trump’s Use Of Tax Cuts To Spur Growth (10/29/2019)

Axios (10/27, Salmon) reported that in an interview with “Axios on HBO,” IMF Managing Director Kristalina Georgieva applauded the Trump Administration’s “bravery to use a tax reform to spur more growth.” Axios added that Georgieva “vowed that she would be able to persuade the U.S. to commit more money to the fund during the course of her five-year term.” She said, “I will get my quota increase.”

Small Business Marketing

Small Business Saturday Praised (10/29/2019)

In a piece for Forbes (10/24), Jeff Fromm wrote that the Small Business Saturday initiative “celebrates its 10-year anniversary later this year. Small Business Saturday was a response to what many felt was the decline of doing business and shopping on Main Street USA, amidst the growth of online commerce.” He added that, according to the SBA, small businesses “account for over 99% of all businesses in the U.S., totaling over 30 million places of business around the country.”

Wages and Benefits

Warren Receiving Advice On Financing Medicare For All (10/29/2019)

The Washington Post (10/24, Stein) reported, “Internal and external economic policy advisers are trying to help Sen. Elizabeth Warren (D-Mass.) design a way to finance a single-payer Medicare-for-all health-care system,” after Warren “promised more details within weeks.” The plan “could cost more than $30 trillion over 10 years.” Economist Robert Pollin of the University of Massachusetts at Amherst has suggested “redirecting existing public health-care spending from Medicare, Medicaid and the Department of Veterans Affairs,” and Cornell University’s Robert C. Hockett “has urged Warren’s team to propose financing Medicare-for-all in part with a ‘public premium’ that would function similarly to a tax.” The Post added that other suggestions have been a “progressive consumption tax” or having Warren “sell her Medicare-for-all plan as a tax cut.”