Class Action Reform Signed by President Bush
After years of contentious debate, the Class Action Fairness Act (S. 5) was finally signed by President George W. Bush on Feb. 18. Seen as a major win for business groups and the White House, class action legislation is the first of many tort reform initiatives before the 109th Congress.
March 2, 2005

Bankruptcy Reform Takes Center Stage
Once again a hot-topic for the U.S. Senate, the Bankruptcy Abuse Prevention and Consumer Protection Act (S. 256) is being debated this week on the Hill.
March 2, 2005

Repeal the Death (Estate) Tax
When business owners die, their estates are forced to pay the government up to 55 percent in taxes on all assets—including land, buildings, equipment and all other forms of property. The simple facts are that many a small business owner's death will force the outright sale, or liquidation of a part of their firm to pay estate taxes.
March 1, 2005

Small Business Tax Equity
As the nation's oldest small business organization, NSBA has grown accustomed to registering complaints from small business owners on the federal government’s Byzantine tax system. One complaint delivered with great frequency was that individual pieces of tax law actually discriminate against small business owners. NSBA enlisted the help of two tax specialists to go through the Internal Revenue Code line-by-line to see just how bad the system was. When the results arrived, even we were shocked.
March 1, 2005