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Make Retirement Plans Affordable

Nov 30, 2007

Disclosure Requirements Could Hurt Small Businesses


By Harold Jackson

There have been tremendous efforts to provide incentives for small business owners to establish and maintain retirement plans. However, additional fee disclosure requirements could possibly undo this progress.

First, a heavier administrative burden would disproportionately impact small businesses, which don't have dedicated human resources staff like larger companies.

How Did We Get to This Point?

Dec 1, 2007

U.S. Legal System Has Run Amok

By Thomas J. Donohue, President and CEO, U.S. Chamber of Commerce

Sadly, America has adopted a culture where everyone is a victim, where suing is the first—not the last—resort, and where any misfortune in life must always be someone's fault.

We see some courts, juries, prosecutors, attorneys general, and regulators using the legal system not to enforce the law but to make the law. We see troubling attacks on the due process rights guaranteed to every American by ambitious prosecutors.

Are You the No. 1 Small Business?

Nov 30, 2007

 
The U.S. Chamber will honor exceptional businesses that demonstrate the spirit of enterprise at America's Small Business Summit 2008, April 16-18, in Washington, D.C.
Follow these steps to apply or to nominate a business:

1.  Download an application or nomination form at www.uschambersummit.com.
2.  Show how your business stands out.
3.  Submit applications to the Chamber by mail no later than February 8, 2007.

Nanotechnology Event Explores Potential Benefits, Challenges of Budding Industry

Oct 31, 2007

 
The Chamber's National Chamber Foundation brought together key industry leaders, lawmakers and the media to explore the enormous economic and societal benefits of nanotechnology, and explore ways to respond to critics who are calling for a moratorium on products containing this revolutionary technology.

Senator Ron Wyden (D-OR), Co-Chair of the Congressional Nanotechnology Caucus and John H. Marburger, Science Advisor to the President and Director, Office of Science and Technology Policy spoke during the all-day event at the Chamber's Washington headquarters.

Slow Holiday Season for Retail

Oct 31, 2007

 
Massachusetts
Latino, Business Community Protest Casino Bill

Latino community leaders and business people are criticizing Gov. Deval Patrick's (D) casino legislation, saying it is unfair to Western Massachusetts. Patrick originally pledged to license three casinos in the state, including one in Western Massachusetts. However, the introduced legislation lumps western and central Massachusetts together as one region. The three resort casinos would generate 20,000 jobs and $400 million dollars in annual revenue, according to the governor's office.

Report: Harm From Carried Interest Tax Would be Widespread

Oct 31, 2007

 
Last week, the U.S. Chamber of Commerce released the second part of a study further illustrating the negative economic impact that increasing taxes on carried interest could have on America's ability to grow and compete in a global economy. In addition, according to the study, the tax increases would bring in approximately $23 billion less than Congress has calculated as more businesses change their business model to avoid the higher taxes.

The study by Dr. John Rutledge finds that the currently proposed increase would:

Cook, Rothenberg Assess Presidential, Congressional Races

Oct 31, 2007

 
The presidential race is still up for grabs and could go either way, according to two popular political commentators who spoke at the U.S. Chamber of Commerce this morning. "Things that normally couldn't happen are happening," said Charlie Cook, publisher of The Cook Political Report. "We are in a strongly changed environment," agreed Stuart Rothenberg, editor of The Rothenberg Political Report.

Harkin Calls for Health Care System Based on Wellness

Oct 31, 2007

 
American businesses have the expertise and resources to make a difference in the nation's health care costs and quality and it is up to the government to incentivize them to do so, Sen. Tom Harkin (D-IA) told business leaders during an event at the U.S. Chamber of Commerce this morning. "We can't go on with this current system," Harkin said. "We need a paradigm shift."

166,000 New Jobs Created in October

Oct 31, 2007

 
November 13, 2007—The labor market created 166,000 net new jobs in October as the unemployment rate remained at 4.7%. Nonfarm business productivity rose 4.9% (SAAR) in the 3rd quarter, up from a 2.2% increase in the 2nd quarter. In September, the trade deficit narrowed 0.6% to $56.5 billion. Concurrently, factory orders rose 0.2% while consumer credit increased $3.7 billion to $2.482 trillion.

Chamber Honors Corporate Citizenship

Oct 31, 2007

 
The Chamber's Business Civic Leadership Center last week honored six businesses, trade associations, and chambers of commerce who have made a difference in their communities. Microsoft, ChoicePoint Inc., Cisco, Entergy and Aflac and the Aflac Cancer Center and Blood Disorders Service of Children's Healthcare of Atlanta were all given the BCLC Corporate Citizenship Award for their contributions at the November 7 dinner at the National Building Museum in Washington D.C.

Read full profiles of the winners.

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