You all know that we have a serious deficit and the so called fiscal cliff is quickly approaching. A number of ideas have been floated to resolve the debt issue as indicated by Simpson Bowles.
I have heard that the idea of eliminating or modifying the mortgage deduction may be seriously considered. What do you think about this?
Also being considered is an increase in the capital gains tax. Thoughts?
I asked a question in a previous email about Exchanges and whether you will be considering them for health insurance for you and your employees. It seemed pretty clear that a number of you are not very familiar with how the Exchanges will work. Please see below a couple of websites that may be useful to you in getting more information about them. Keep in mind they will not be in place until 2014.
Health law guide for business
Insure the Uninsured Project.
Small Business California
2311 Taraval Street
San Francisco, CA 94116