Small-business owners may want to tune in extra closely to President Obama’s State of the Union Address on Tuesday night.
The speech is a particularly important one, because it’s likely to outline the president’s key goals and agenda for the last few years of his presidency, according to Politico.com. Americans will be watching to see which issues the president plays up in his speech: Will it be the minimum wage, immigration reform, tax reform, U.S. income inequality or jobs creation?
All of these issues could lead to new laws and policies that affect how easily business owners can hire new workers and how much they pay in taxes and wages.
Though his aides haven’t revealed much about what the president will or won’t discuss in the speech, NBC News predicts he will focus on income inequality, immigration reform, gun control and his plans for “executive action.” President Obama recently coined 2014 as his “Year of Action”—suggesting he plans to aggressively use his executive powers (vetoing bills and political pressure) to push forward his agenda. That’s yet another good reason to pay close attention to what he wants this year.
William Dunkelberg, chief economist for the National Federation of Independent Business, predicts in Forbes that President Obama will say “small business” many times during his speech. But he says business owners should be skeptical of his agenda:
All the President talks about is redistributing income and wealth, taking from those who create and earn and giving it to those who not (sic). There is no meaningful talk about policies that will restore confidence and energize the private sector to grow and create jobs, the best way to address inequality and poverty.
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