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Skidmore

(37,364 posts)
Thu Sep 6, 2018, 02:06 PM Sep 2018

Question for DU small business people.

Have Trump policies really been that beneficial to business? Has it been so much that it is better for business owners in your community to forgo living wages and healthcare or employees for a corrupt government? What are you hearing out there?

8 replies = new reply since forum marked as read
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Question for DU small business people. (Original Post) Skidmore Sep 2018 OP
NO. His policies have not helped small business. MontanaMama Sep 2018 #1
My experience too. No benefit to small businesses. FSogol Sep 2018 #2
Thank you. Skidmore Sep 2018 #3
11 employees, health care fields GusBob Sep 2018 #4
No. Not at all. Single payer is the way to go. marble falls Sep 2018 #5
Very small sole-proprietor sees no benefits. Yonnie3 Sep 2018 #6
No effect whatsoever matt819 Sep 2018 #7
Real estate market has been a sellers market and flat since before the election Sedona Sep 2018 #8

MontanaMama

(23,337 posts)
1. NO. His policies have not helped small business.
Thu Sep 6, 2018, 02:13 PM
Sep 2018

My husband and I own two businesses that employ 7 people in total. Our taxes have increased which is a big deal to us. We pay employees a living wage, provide a company matched 401K and company paid health insurance. The tax breaks we were getting were better before tRump than they are now by a stretch. We've managed to keep compensation packages the same for our employees because we value them but it is costing us more without a doubt. The infamous tax cuts for business are for large corporate entities...not for main street businesses like ours.

Skidmore

(37,364 posts)
3. Thank you.
Thu Sep 6, 2018, 02:19 PM
Sep 2018

I wish more stories were out there besides those people gushing over Trump and using GOP talking points. Everything sounds so wonderful. Not owning a business makes it hard to gauge.

GusBob

(7,286 posts)
4. 11 employees, health care fields
Thu Sep 6, 2018, 02:22 PM
Sep 2018

The short answer is no better no worse. but based on close interaction with clients, the longer answer is depends on where you live and the business you are in. Basically the rich are getting richer ( financial, real estate and cooperate) and the poorer are staying poorer.

In our area it is mostly service industry, wages are flat even though un employment is low.

Everyone, including us, seems to be working harder just to stay even

In health care the booming industries are elder health services, big growth there. Big wealth for the owners, hard work and flat wages for the workers

Yonnie3

(17,476 posts)
6. Very small sole-proprietor sees no benefits.
Thu Sep 6, 2018, 02:35 PM
Sep 2018

There may be a write off which reduces income taxes, but it is unclear if it would apply to this particular pass though business. Without knowing the details, planning has not been made. The last I checked, guidance has not been issued by the IRS. I suspect whatever they issue will end up in court.

It appears that many forms will be different and some expenses not allowed. There is uncertainty whether or not health insurance will be a write off and so forth. Extra unproductive time will be spent learning the new way.

Red tape for compliance with DOT has increased.

Edit to add: There are no employees. This is a part of the gig economy. Gigs in this case for the most part actually are performances.





matt819

(10,749 posts)
7. No effect whatsoever
Thu Sep 6, 2018, 02:36 PM
Sep 2018

The stuff I import is subject to small duties and are not likely to increase. Other than that, no effect.

Sedona

(3,769 posts)
8. Real estate market has been a sellers market and flat since before the election
Thu Sep 6, 2018, 02:36 PM
Sep 2018

Prices increasing 5-10 % a year due to lack of sellers, volume is down, also due to lack of sellers.

New construction volume is down due to immigration policies and difficulty finding labor to build houses that are desperately wanted by buyers.

Many buyers being priced out of the market.

Honestly it's a typical cycle.

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