While there aren’t yet any specific laws on the table, the corporate interest tax deduction is becoming an issue in the presidential election. Over the past year, candidates on both sides of the aisle have made proposals to limit the CIT as part adjustments to the tax code.
Middle-market companies continue to underestimate data security threats, according to a recent survey by the RSM Middle Market Leadership Council. While the majority of firms say they are confident they’re protected against data theft, evidence proves it’s quite the contrary.
It’s become axiomatic among small- and mid-market CEOs and their advocates that the Dodd-Frank financial reforms of 2010 disproportionately hampered the community banks on which these companies so rely for capital. Meanwhile, another piece of legislation made it more difficult for startups to use credit-card financing to bootstrap their way through infancy.
It’s easy to make the case that the president’s sweeping overhaul of one-sixth of the U.S. economy has disadvantaged small and mid-market firms (SMBs) more than large companies, which can more easily absorb higher health insurance costs.
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