Why Bush Will Be Good For Small Business

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erty purchases through 2005 and bonus depreciation. We expect more to come.

Again campaign rhetoric abounded with the health care issue. Although most estimates of the number of uninsured were inflated for effect, high insurance premiums are a big problem. President Bush hopes to combat this problem on two fronts, tort reform and improving HSAs.

Although the cost of lawsuits as a reason for high medical insurance is hotly debated, there is no disagreement that its effect on pricing is mostly negative. With a stronger majority in both houses, the president expects to pass some sort of tort reform legislation during his second term.

President Bush also expects to expand on Health Savings Accounts during his second term. We expect some good things to come from expanded use of HSAs. By introducing competition into the medical system, costs should come down. Additionally, most small business owners who opt for a high deductible plan will see lower premiums and gain from the tax deduction when making monthly investments into their HSA accounts.

A lot of what will happen with the economy is an unknown, but with the focus on small businesses to push economic growth, we expect additional pro-small business legislative policies to pass under the current administration

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