Small businesses are in for a rough year after Congress passes the omnibus bill

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Written By Jennifer Joslyn

💰 Small businesses are in for a rough year after Congress passes the omnibus bill.

This new piece of legislation effectively cuts tax reductions implemented from 2017’s Tax Cut and Jobs Act, raising taxes while inflation brings the interest rates with respect to borrowing at a 13-year high. Small businesses will need to pivot and readjust (again) as they deal with the blowback during tax season. RealClearMarkets is urging small business owners to read up on the latest and start adjusting strategies.

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Jennifer Joslyn
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