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President Obama's plan to streamline government agencies including the FDA.
The State of the Union Address and what it means for small business.
And the chamber of commerce is -- latest survey of small business.
I'm Christina Scotty and this is the small business report for January 2012 President Obama came out this month calling on congress.
To grant him power to consolidate the SBA.
With some other government agencies including the US trade in development agency the Overseas Private Investment Corp.
And the office of the US trade represented there.
Obama says he believes small businesses will benefit from having a one stop shop on ignores to launch an idea -- patents.
Acquire financing and expand overseas.
He also elevated the SBA's chief administrator Karen mills to cabinet rank.
So -- the proposal has been met with mixed reviews with some claiming that small business will get lost in the shuffle.
And in president Obama's seat of the union address.
President Obama propose more tax breaks and less government regulation to help small companies grow.
The president proposed extending tax breaks that allow companies to write -- a 100% of that investment.
In new plant and equipment in one year rather than over many years he also wants congress to approve a five billion dollars in new tax credits.
For clean energy manufacturing.
As well as six million dollars in new tax credits for manufactures.
That open operations in communities that have suffered.
Major job losses but critics said the president's proposal to impose a minimum tax rate of 30%.
A people who earn more than a million dollars a year could hurt some -- ignores and limit new hiring.
And this month the US chamber of commerce came out with its latest -- bank and the outlook is still Dan.
Of the 1300.
-- ignores the -- surveyed.
Said the country is still on the wrong track.
It also found that 78%.
Of -- and -- that taxes.
Regulation and other policies from Washington.
Make it harder for them to hire new workers that's it for this edition of the small business report.
In New York I'm Christina Scott.
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