This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Small Business State Of The Union Scorecard


NEW YORK (AP) â¿¿ President Obama's State of the Union address Tuesday covered a lot of issues that are important to small business including the tax code, minimum wage, immigration and the difficulty some owners have finding workers with the right skills.

Here is a look at some of Obama's proposals, and how they could affect small business:


Impact: Positive

Obama talked about creating a tax code that helps small businesses spend less time filing out complicated forms. It's really not the forms but the code itself that's the problem â¿¿ small business owners have long complained about the complexity of federal tax laws and the time and money they have to spend to keep up with changes. A survey last year by the National Small Business Association found that more than half of small business owners â¿¿ 56 percent â¿¿ said administrative side of taxes was a bigger burden than actually paying taxes.

"The overhead on our ability to keep up with the tax code is super-challenging," said Ryan Howard, CEO of Practice Fusion, an electronic medical records company in San Francisco. He estimates that 5 percent of his expenses go toward dealing with taxes.


Impact: Negative

Obama wants to raise the federal minimum wage to $9 an hour from $7.25. While Obama noted that 19 states plus the District of Columbia have a higher minimum wage than the federal government, all the states except for Washington have a minimum wage below $9. Washington state's hourly minimum wage is $9.19.

"It will be a 28 percent increase in my payroll each year," said Sean Falk, who owns 12 franchises including Mrs. Fields cookies and brownies â¿¿ and Pretzelmaker â¿¿ shops in four states with minimum wages ranging from $7.25 to $7.85 an hour. Falk said an increase to $9 would force him to shutter his less profitable stores, and could keep him from opening more locations.

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.99 0.31%
FB $102.01 0.10%
GOOG $682.40 -0.10%
TSLA $151.04 0.38%
YHOO $27.04 1.05%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs