Bush Tax Cuts Extended, update for Small Business Owners

Under Obama's proposed plan, Bush era tax cuts would be extended for 2 more years. This benefits small business owners in the 6 figure bracket. In addition, 100% expensing of equipment has been extended through the end of 2011. From a conservative standpoint, you may be able to invest in your business, accelerate your write off, and on paper not show as much taxable income. These plans might not spur hiring but if anything would make additional investment in income producing equipment more feasible.