VIEWS: 7 PAGES: 2 CATEGORY: Business & Economics POSTED ON: 5/27/2010
In these darker days, as policymakers scramble to cut interest rates and pass economic stimulus bills to jump-start a flagging economy, the importance of small businesses and community banks is no longer taken for granted. ICBA's longstanding calls for meaningful tax and regulatory relief are gaining wider recognition in the US' capital. In January, ICBA promptly issued a nine-point growth-oriented package of recommendations for Congress. The ICBA recommendation to allow an immediate tax write-off of up to $250,000 for small business investments was included in the final stimulus plan, and other recommendations have been advanced in new legislation. Supporting overall economic growth, particularly the wellbeing of community banks, is more than a shared mindset with their members.
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