PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Keating’s CyberColumn

March 28th, 2018 by

Small Business Insider by Raymond J. Keating- Reforming and modernizing the Internal Revenue Service (IRS) in order to reduce complexity and cut the costs of tax compliance is a big priority for American small business. Therefore, it’s good to see bipartisan efforts moving forward in Congress on this front. Why does this matter? In October […]

March 15th, 2018 by

by Raymond J. Keating- The tax relief plan passed by Congress and signed into law by President Trump in December was a major, positive step forward for America’s entrepreneurs, small businesses, workers and economy. For example, reducing the corporate income tax rate from 35% to 21%; providing a 20-percent deduction for pass-through business income for […]

February 21st, 2018 by

by Raymond J. Keating- The federal government’s policy decisions during and after the recession that began in late 2007 and ran to mid-2009 turned out to be a model of what not to do. Policymaking under the Obama administration and Congress featured massive increases in government regulation, spending and intrusiveness, along with two major tax […]

February 14th, 2018 by

by Raymond J. Keating- According to reports published on the morning of February 14, we saw that inflation ran too hot in January, and retail sales were too cold. Inflation According to the U.S. Bureau of Labor Statistics, CPI inflation hit 0.5 percent in January. Over the past year, inflation registered 2.1 percent. That’s quite […]

January 12th, 2018 by

  by Raymond J. Keating- Friday (January 12) morning brought some good news on Consumer Price Index (CPI) inflation. Specifically, CPI inflation came in at only 0.1 percent for December. That’s a welcome slowdown compared to higher rates in the three of the previous four months. In fact, over the past three months, CPI inflation […]

January 4th, 2018 by

by Raymond J. Keating- The Institute for Supply Management served up some strong data in its December 2017 Manufacturing ISM Report on Business released on January 3. Key points included: “Manufacturing expanded in December as the PMI®registered 59.7 percent, an increase of 1.5 percentage points from the November reading of 58.2 percent.” According to the […]

December 15th, 2017 by

by Raymond J. Keating- According to the Federal Reserve, industrial production (that is, the actual output in manufacturing, mining, and electric and gas utilities industries) expanded by 0.2 percent in November. This follows on an upwardly revised expansion of 1.2 percent for October, and is the third consecutive month of growth. In terms of manufacturing output, […]

December 12th, 2017 by

by Raymond J. Keating- One of the most significant step being taken in both the U.S. Senate and House of Representative’s tax plans is reducing the corporate income tax rate from 35 percent – second highest on the planet, as noted in an SBE Council report – to 20 percent. The benefits of such a […]

December 3rd, 2017 by

Small Business Insider The Economy   by Raymond J. Keating- The latest GDP data show that U.S. economic growth in the last two quarters – the second and third quarter of 2017 – has stepped up, pushing above the 3 percent level. That’s good news, and we need to see policy changes that provide the […]

November 29th, 2017 by

Small Business Insider The Economy by Raymond J. Keating- The U.S. Bureau of Economic Analysis increased its estimate for third quarter real GDP growth from 3.0 percent to 3.3 percent. That basically brought the third quarter growth rate up to the historical average, and growth has now exceeded three percent in the last two quarters […]

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