NEW YORK ( MainStreet) -- What's happening in small business today? 1. The president's 2013 budget is a mixed bag for small business. While it's commendable that President Barack Obama is seeking to reduce the federal deficit to $901 billion in his 2013 budget, the changes he is proposing to the Small Business Administration are a mixed bag for small businesses, says Biz2Credit's Rohit Arora. Obama plans to raise taxes on households making more than $250,000 a year. This could be a drain to small-business owners who pay taxes on their profit at the individual level.
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