Take a Peek
What does Congress have in mind for 2005? Go back to the future to find out.
By Stephen Barlas • May 5, 2006 Originally published Jan 1, 2005
Opinions expressed by Entrepreneur contributors are their own.
If you want to look ahead at the small-business agenda as thenew session of Congress gets underway, it helps to look back.Senators and representatives typically launch initiatives or makefinal pushes for the upcoming year just as the past year'ssession is drawing to a close.
Certainly, when a senior member of the Committee on Ways &Means drops a bill in September that would increase the minimumwage and offset the impact on small businesses with concessions,small-business groups go on point. Rep. Phil English's (R-PA)bill increases the current minimum wage of $5.15 per hour to $6.50over three years but exempts companies with less than 10 employeesfrom paying the higher rate. While small-business groups willlikely fight such a hike, English tries to make the bill morepalatable by including a new home-office deduction and increasingthe number of small businesses exempt from the Fair Labor StandardsAct for three years.
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