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POLITICAL AND GOVERNMENT NEWS
Small Businesses Call on Congress to Approve Main Street Tax Certainty Act
The National Federation of Independent Business is urging Congress to pass the Main Street Tax Certainty Act, a legislation important for securing the financial future of small businesses across the country. It aims to prevent an upcoming tax hike on small businesses slated for the end of 2025.
Read more: Small Business Trends
New California Board Has Power to Order Pay Raises and Protections for Workers
Following fast-food industry blocking of reforms, lawmakers bring back a wage commission. Such bodies have expanded rights for low-wage workers in other states.
Read more: Capital & Main
Lawmakers Propose Raising the Federal Minimum Wage to $17 and Killing the Tip Credit
The tip credit would be phased out nationwide, and the federal minimum wage raised to $17 an hour under a bill introduced in Congress by Sen. Bernie Sanders and Rep. Bobby Scott. The proposal calls for raising the minimum wage for restaurant employees and other hourly workers to $17 an hour over a five-year stretch.
Read more: Restaurant Business Online
Small Businesses Received $162.9 Billion in Federal Contracts
The Biden-Harris administration awarded small businesses 26.5% of federal contract dollars, exceeding their initial 23% goal. This equates to a $162.9 billion investment, an $8.7 billion increase from the previous fiscal year, significantly boosting the small-business economy.
Read more: Small Business Trend
BUSINESS SMARTS
Three Tips to Transform Your Business From the Inside Out
Today’s business landscape is evolving at rocket speed, which leaves ample room for disruption, where smaller companies with fewer resources can make a big impact on larger, more established businesses. Global connectivity drives disruption much wider and deeper into the economy, but most experts tend to agree that it’s not the turbulence, but rather, it’s the failure to embrace innovative solutions for today’s savvy customers that do the most harm.
Read more: Forbes
Want to Be More Successful? Neuroscience Shows Embracing a Growth Mindset Actually Changes How Your Brain Functions
While a growth mindset might seem like your brain's software, research shows embracing a growth mindset can change your brain's hardware, too.
Read more: Inc.
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