As a restaurant owner, I enjoy sharing the rich flavors of my Cuban heritage with customers every day. Whether that’s making the world’s largest croqueta or serving the “hippest sip” of coffee in Miami, my small business is working overtime to compete in the quick-paced hospitality industry that is characterized by long hours and tight budget margins.But thanks to the recent passage of the One Big Beautiful Bill Act, independent restaurants are poised to thrive – benefiting employees, customers and the community alike. For Sergio’s Restaurants, my family small business, that means moving ahead with plans to open two new restaurant locations and hire approximately 100 new team members over the next year.How? The new federal law restores 100% immediate expensing for capital equipment, which allows us to fully deduct the cost of appliances like ovens and refrigerators the year we buy it. The policy incentivizes small businesses to invest in operational expansion now, rather than waiting and kicking the can down the road.Additionally, the law also makes the 20% small business deduction that was set to expire permanent and locks in lower tax rates for pass-through enterprises. (These are entities in which business revenue is taxed as the owner’s personal income.) TRUMP’S ‘BIG, BEAUTIFUL BILL’ AND ITS PERMANENT TAX CUT WILL CHANGE THE WORLDThe changes give restaurants like ours the long-term tax certainty we need to grow confidently and create jobs, as well as provide existing staff room for career development.But arguably the
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Donald Trump gives mom of 3 $100 towards grocery bill at Pennsylvania market store
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A mother of three was surprised by a generous gift from former president Donald Trump while she was shopping at a local grocery store in Pennsylvania. Hundreds of people lined up outside Sprankles Neighborhood Market in Kittanning, where Trump greeted shoppers and even gifted one woman some relief for her grocery bill.”Here, it’s going to go down a little bit,” Trump said to the shopper.He is then seen handing the woman, who is identified as a mother of three by his communications team, a $100 bill.TRUMP REVEALS WHICH US RIVAL WILL BE HIS FIRST PHONE CALL IF RE-ELECTED”It just went down 100 bucks,” Trump said.”Thank you so much,” the woman replied.”We’ll do that for you from the White House, alright?” Trump said as he waved goodbye and thanked everyone for their support.Trump also supported the business by purchasing a large bag of popcorn.”Oh, look, I gotta get some. We gotta get it,” Trump smiles while handing over the large bag to his team.”My mom just got a bag of that actually,” a customer tells the former president. TRUMP LEADS HARRIS IN CRUCIAL STATES GEORGIA, ARIZONA, NORTH CAROLINA, POLL FINDS”Is this stuff good?” Trump asked.”She says it’s the best,” he responds.”Is that the
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Small business optimism soars in anticipation of Trump 2.0
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The anticipation of Donald Trump returning to the White House sparked a surge of optimism on Main Street, according to multiple post-election surveys.The National Federation of Independent Business’ (NFIB) latest Small Business Optimism Index jumped 8 points to 101.7 in November, with the election results indicating a significant shift in economic policy from the Biden-Harris administration, breaking a 34-month streak of record-high uncertainty with the highest reading since June 2021.That’s the first time the reading has risen above the 50-year average over the past 2.5 years. Of the 10 Optimism Index components, nine increased, none decreased, and one was unchanged last month from October.”In a nutshell, economic policy matters, and there’s no doubt that the election results spurred a lot of the optimism, that surge in optimism, that we saw in our monthly economic survey,” NFIB President Brad Close told “Bloomberg: The Close” this week. DC PIZZA SHOP FACES BACKLASH OVER CONGRATULATORY TRUMP TWEET”Small business owners are looking forward to an administration coming in that’s going to address the concerns that the little guys — half the economy in America — really cares about, and that’s tax policy, that’s cutting regulations and getting the economy going again,” Close added.In the days
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Small business optimism jumps to 6-year high following Trump win
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America’s small business owners are feeling better about the economy than they have in six years, in anticipation of President-elect Trump returning to the White House.The National Federation of Independent Business’ (NFIB) latest Small Business Optimism Index jumped 3.4 points to 105.1 in December, the highest reading since October 2018.This is the second consecutive reading above the 50-year average, after the November index broke a 2.5-year streak that same month as Trump’s win.At the same time, the NFIB’s Uncertainty Index plunged 12 points last month, falling to 86.JAMIE DIMON WEIGHS IN ON TRUMP’S WIN, POLICIES HIS ADMIN SHOULD FOCUS ON”Optimism on Main Street continues to grow with the improved economic outlook following the election,” said NFIB Chief Economist Bill Dunkelberg. “Small business owners feel more certain and hopeful about the economic agenda of the new administration.”Dunkelberg added, “Expectations for economic growth, lower inflation, and positive business conditions have increased in anticipation of pro-business policies and legislation in the new year.”The survey comes as the outgoing Biden-Harris administration continues to tout its economic policies, pointing to growth and low unemployment numbers. But the high inflation and heavy regulations of the past four years were felt on Main Street.BIDEN’S GREEN NEW DEAL
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Trump praises Treasury Department's move to suspend enforcement of BOI requirements
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President Donald Trump praised the Treasury Department on Truth Social on Sunday for announcing it was suspending enforcement of the Beneficial Ownership Information (BOI) reporting requirement for U.S. citizens and domestic companies.The Biden-era initiative says you may be required to report certain information on your beneficial owners to the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), according to the IRS.Trump called the requirement “outrageous and invasive.”TREASURY DEPARTMENT SAYS DOGE WILL HAVE ‘READ ONLY’ ACCESS TO PAYMENT SYSTEMS IN LETTER TO CONGRESS”Exciting news! The Treasury Department has announced that they are suspending all enforcement of the outrageous and invasive Beneficial Ownership Information (BOI) reporting requirement for U.S. Citizens,” Trump wrote. “This Biden rule has been an absolute disaster for Small Businesses Nationwide. Furthermore, Treasury is now finalizing an Emergency Regulation to formally suspend this rule for American businesses. The economic menace of BOI reporting will soon be no more.”The Treasury Department announced in a series of posts on X that penalties or fines associated with BOI will not be enforced, and neither will penalties against U.S. citizens or domestic reporting companies or their beneficial owners.TREASURY SECRETARY BESSENT OFFERS ZELENSKYY AN ECONOMIC INVESTMENT DEALInstead, the focus will turn to foreign