With the Stimulus Package, the Big Winner Could Be Small Business

Posted by ksmith under News and Politics
From http://www.nytimes.com 1562 days ago
Made Hot by: on February 13, 2008 3:29 pm

Businesses, large and small, will be directly helped by the new economic stimulus legislation passed by Congress last week. But small businesses, in particular, may get the biggest lift indirectly — from consumers spending their tax rebates.

Aid for Business in Stimulus Package (February 13, 2008) The $168 billion measure, which was approved by both houses of Congress with uncommon swiftness, includes rebates for taxpayers and incentives for businesses, all intended to bolster the sagging economy. President Bush is expected to sign it this week.

Bars, restaurants and other retailers are counting on increased business from consumers who will start getting their tax rebate checks in May. “That's where small businesses will benefit the most,” said Barbara Weltman, a lawyer and small-business tax specialist in Millwood, N.Y.