Summary
Community banks use both flexibility and tools such as Small Business Administration programs to solve dilemmas. February's $787-billion Economic Recovery and Reinvestment Act contained several ICBA-backed tax-relief measures, including immediate $250,000 expensing, the first-time homebuyer tax credit, alternative minimum tax relief and municipal-bond initiatives. Tax relief for small businesses, regulatory relief for community banks, freed-up capital to lend for job retention, economic growth and prosperity -- that's what will get the economy back on track.
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Extract
Helping Small Business
A good customer named Fran came into my community bank this week. Her company's natural-health products sell wonderfully, but she says she would be "going broke...
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(Copyright 2011)
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