By the National Small Business Association WASHINGTON – Treasury Secretary Timothy Geithner announced Wednesday a broad plan to reform corporate taxes that includes lowering the corporate rate to 28 percent from 35 percent, while eliminating myriad business tax breaks and credits. Unfortunately, the proposal fails to ensure parity between small business and large business, and [...]
“NSBA had hoped that broad tax reform—and not just those taxes focusing primarily on large, multinational companies—would have been mentioned, given that the overwhelming majority of small business owners pay taxes at the individual income level.”
“We’re also pleased the president focused on the need for small businesses to compete on a level playing field with big business. To thrive, small businesses need an economy that works for everybody.” — John Arensmeyer, Small Business Majority

By Elizabeth Milnikel Guest columnist What do Chicago’s entrepreneurs want for Christmas? That is the question posed by the Institute for Justice Clinic on Entrepreneurship to small businesses throughout the city. Located at the University of Chicago Law School, the IJ Clinic serves low- and moderate-income entrepreneurs across the city who need legal assistance but cannot [...]

By John Byrne Guest editorial Greece and the worries of the European financiers dominate the news headlines these days. To be sure, the problems are serious for many nations, including the United States. But something else is equally certain: While anxious bankers and many world leaders are pacing, there are small businesses that can’t get into motion fast [...]
Business is rarely entirely about the money. While Google’s alleged $5 billion or $6 billion offer for Groupon would make many of us starry-eyed, without knowing what the terms of the deal were, we won’t second-guess Groupon’s decision to decline the big bucks. Anyone who has founded a company and considered selling all or part [...]
Count us among those who would encourage Eric Lefkofsky, Brad Keywell and Andrew Mason to take the $5.3 billion Google is rumored to be offering for “the fastest growing company ever,” as Forbes has described Groupon, and put it to good use. Remember that Groupon morphed out of ThePoint.com, which Mason, a Northwestern alum, created [...]