Every now and then, federal lawmakers are seized with budget cutting zeal, which inspires them to start hunting for wasteful spending in federal programs. That sort of thing is going on right now, in both the House and the Senate. Late last month, the House Committee on Small Business held a hearing on whether certain [...]

Last week, the Senate Committee on Small Business and Entrepreneurship held its own oversight hearing to examine fraud, waste, abuse and duplication at the Small Business Administration. Perhaps the largest difference between this hearing and that held before the House Small Business Committee a week earlier was that this hearing focused early on fraud. Because [...]

Last month, during Small Business Week, the Senate Committee on Small Business and Entrepreneurship used the occasion to hold an oversight hearing on implementation of the Small Business Jobs Act of 2009. According to the opening statement of Committee Chairwoman Mary Landrieu (D-LA), the Small Business Jobs Act included tax breaks, increased loan limits and [...]

Last week the House Committee on Small Business convened a hearing to re- examine the challenges facing small businesses looking for debt capital and banks looking for credit-worthy small business borrowers. The questions of the day were only what was expected: what is the status of the small business financing market and what can Congress [...]

It’s always interesting when one or the other of the Congressional small business committees holds a hearing on an issue that is of critical importance to microbusinesses and manages to get through the entire proceeding without talking about microbusinesses at all. That is essentially what happened earlier this month when the House Committee on Small [...]

We’ve been hearing about the tax gap for a long time, long before the Internal Revenue Service released its 2001 tax gap estimates back in 2006. The release of those estimates seemed to simply add numbers to what everybody “knew”: small business owners who are not subject to either involuntary withholding or third party reporting [...]

Sometimes, Congress winds up doing the right thing for the wrong reasons and that is never as true as it is when lawmakers don’t know what is going on out here in the real world. Last month, Congresswoman Nita Lowey (D-NY) introduced the Small Business Credit Card Act (H.R. 1137). This relatively short bill would [...]

If you look carefully at President Obama’s most strenuous efforts at small business outreach, you might start to see a pattern emerge. Take a look at “Startup America,” the administration’s effort to encourage and support what it calls “high impact” small businesses. The SBA has already lined up a mentor matching program for those entrepreneurs [...]

If you’ve been wondering what the House Small Business Committee has been up to lately, one of their main orders of business has been President’s proposed fiscal 2012 budget for the Small Business Administration. The Committee held its budget hearing last week and, according to opening statements prepared by both Committee Chairman Sam Graves (R-MO) [...]

Last week, President Obama sent his eagerly awaited budget proposal for fiscal 2012 to lawmakers on Capitol Hill. As you have probably been hearing since last week, the budget includes some cuts, a few increases, and a few revenue raisers. The resulting proposal is a $3.73 trillion budget that includes $1.1 trillion in budget deficit [...]