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This is a Fox Business small business report I'm Peter Barnes and Washington DC.
Congress and the White House wrestle with financial regulation reform but first the Obama administration pushes new small business tax breaks.
The Internal Revenue Service and the Obama administration are pushing no small business tax breaks white house press secretary Robert Gibbs getting into the act during a briefing.
Where he made special mention of an -- postcard mailed to millions of small businesses across the country outlining new health insurance tax credits.
In general the credit is available to small employers that pay at least half the cost of single coverage -- employees in 2010.
The credit is specifically targeted help small businesses and tax exempt organizations.
That primarily imply employing low and moderate income workers.
To determine if you're small business qualifies for the tax credit.
Go to the IRS website WW WI RS dot gov and search small business.
While small businesses are looking for tax breaks to help them stay in the black.
Congress continues to debate financial regulation reform that supporters say could help boost small business lending.
Senate banking committee chairman Christopher Dodd address the impact on small business have a reform bill is not passed.
They cannot get a dime we're at the credit over the last several years hire new people to survive during an economic crisis.
Anecdote after anecdote after anecdote.
A business is desperately trying to find credit.
In order to stay alive and survived an American businesses small business particularly.
Certainly not benefit.
If we're confronted again with the status quo and a perpetuation.
Of the president's that a rules.
As the senate continues to hammer out a compromise on regulation reform President Obama addressed the subject during a speech in New York City.
In front of an audience of about 700 people.
That included leaders from the financial industry.
Members of the President's Economic Recovery Advisory Board and consumer advocates the president reminded Americans what's at stake in the push to -- -- Wall Street.
Have -- -- on this stage two years ago.
In the power of the -- mart.
I believe and a strong financial sector that helps people to raise capital and get loans and -- their savings.
That's part of what has made America what it is but eight free market was never meant to be a free license to take whatever you can get -- -- -- -- The president will make more speeches on regulation reform around the country and coming weeks.
That's it for this edition of the Fox Business small business report.
I'm Peter Barnes and Washington thanks for joining us.
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