The New President and Small Business

What will the new president do for small businesses? That's no idle question. The number of small businesses in America has grown almost 50% since 1992, according to the Small Business Administration. And the Wall Street Journal notes that "one quarter of U.S. households are starting a business, own a business, or are investing in someone else's business." With figures like these, small-business concerns should be matters of importance to the new president. President George W. Bush, a former businessman, supports programs and initiatives that encourage entrepreneurship and business growth. He favors: Reducing the top tax rate from 39.6% to 33%. Eliminating estate taxes (by phasing them out over several years). Changing the federal rules governing the accrual method of accounting. Making health insurance more
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