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November 8, 2012

Small business outlook for Obama's 2nd term

By JOYCE M. ROSENBERG
AP Business Writer

NEW YORK — President Barack Obama's re-election to a second term takes away some of the uncertainty that small business owners have been carrying around. The question now is whether he can satisfy those who say he hasn't done enough to help them expand and create jobs.

During Obama's first term, the president pointed to steps he took to help small companies, such as proposing the Small Business Jobs Act of 2010 that cut taxes for small companies and made it easier for them to obtain federally guaranteed loans. These steps have helped some small businesses start their recovery from the recession.


 
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