House Passes Tax Cut for Small Business Investment

Good news came this week from Washington that may help consulting businesses to grow.

Yahoo News published an Associated Press story that included two interesting items: First, a new bill would increase tax deductions for start-up expenses by new small businesses (HR 5486). Secondly, there is a plan proposed to merge the bill with legislation creating a $30 billion fund for community banks to increase lending to small businesses (HR 5297).

The House may vote on the lending bill as early as today, and would then send the entire package to the Senate.