A NOTE FROM THE CHAIRMAN: Will the $134 Billion Jobs and Tax Bill Really Help Emerging Enterprises?

Will the $134 Billion Jobs and Tax Bill Really Help Emerging Enterprises?

by Adam J. Kovitz


There is current talk of a Jobs and Tax Bill in Congress right now that the Congressional Budget Office (CBO) is estimating will bring in $40 Billion in revenue. While this sounds great, the CBO also estimates that it will cost $174 Billion. Of particular importance to me (and to our readers) is a portion of the Bill that will make it easier for "small businesses" to get "lending incentives" extended as the current provisions have allowed "small firms borrow more than $7 billion this year alone in an otherwise grim lending climate".

I am always amazed at the recurring pattern I see in Washington, DC when it comes to the way they view "small businesses" (by the way, I hate that term - it's derogatory). As one who believes that entrepreneurs and emerging enterprises are the life blood of any sane, rational and healthy economy, I fail to see how government's answer to their hardships is getting further and further into debt.

Now I don't consider myself either a liberal or conservative, just one of the problem solver's of the human equation. Furthermore, this isn't just about my own country, the United States...this is an international issue. I question whether recent troubled economic hotspots like Greece, Spain, Portugal and even Iceland are caught in a similar maelstrom of bailouts that lead further down the path to eternal debt.

The problem (as I see it) is that the further we become in debt:

1. The harder it is to get ahead in business.
2. The organizations that are least least in debt seem to be the relative winners in a game of losers.
3. It is passed on to our kids and their kids, leaving behind a legacy of "fiscal sin".
4. The more we are making a select group of people very, very wealthy.
5. It becomes incrementally and increasingly harder to do anything about it.

So what do we do about it? For us at The National Networker Companies, we are forming a Global Interworked Cooperative Business Community (GICBC) before the situation escalates and ask that those who are reading this join us sooner rather than later. What exactly is a GICBC? Douglas Castle, my business partner and blood-brother-in-arms describes a GICBC in this article that you simply can't afford not to read.

If you're already reading this in the email form because you are a subscriber, you are already a member of TNNWC's GICBC and part of the solution. It doesn't, however, end there...there is more to do as our members learn more about what it takes to get the most out of a GICBC and even take part in its building. For more on this, please continue to regularly check out our website as we're adding more all the time.

As a sneak peak, we will introducing a means within the next month for entrepreneurs and emerging enterprises within our GICBC to receive funding without:

1. Going any further into debt, and
2. Giving up equity.

More to follow...please stay tuned. Of course, if you wish to be one of the first to find out more about TNNWC's unique approach to financing your business, please click here.


As The NATIONAL NETWORKER WEEKLY NEWSLETTER (TNNW) comes out four Sundays a month (as does its sister publication The BLUE TUESDAY Report) and next week is the fifth Sunday, our hard-working staff will be having the week off for the Memorial Holiday Weekend. TNNW will resume in June on the 6th.



All my best,

Adam

www.TheNationalNetworker.com
http://adamjkovitz.blogspot.com

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