Inflation Reduction Act? . . . A Rehashed BBB with YOU in mind
October 5, 2022
Hosted by Frank Helring
In November of 2021 there was a bill known as Build Back Better! The proposal was another 2.2 TRILLION of dollars to be spent on supposedly INFRASTRUCTURE. It passed the House of Representatives (No Surprise There) and it ran into a very BIG surprise when one of the Democrat's larger Senator's Joe Manchin said a resounding NO and the BBB (Biden's Business Bust) fizzled and faded from the country's memory. Unfortunately, it did not leave the memory of Senator Charles Schumer and along with his House Hammer, Speaker of the House, Nancy Pelosi they crafted a rehash of a far less spending facsimile that was created to the tune of 739 Billion Dollars. They dropped the T and went for the B in spending. What is more suspect however is that the Senator that blocked the passage of the former Build Back Better previous legislation now readily caved and eventually supported the now renamed BBB. Yes, everything including the NAME changed to the Inflation Reduction Act. I find it very interesting that the words are initials IRA, especially considering that earlier to the passage of this legislation, the SECURE Act 2.0 eliminated one of most advantageous distribution options of the Trillions of Dollars now invested in IRA's, which used to be known as "The Stretch IRA" which allowed for less tax impact by stretching out the distribution of the Pre Tax funds over a number of years. Now, that's GONE. Enter, the new IRA, the Inflation Reduction Act! What is in this new, now passed legislation and HOW is it going to effect YOU the Small Business community at large! I have asked Natasha Friedman, my Political Centric Co-Host to join me once again. Together we will inform you just what this bill holds in store for you. Do you recall the number 86,000 associated with the passage of this bill? The IRS just swelled it's ranks with more soldiers to come and visit you. Where we are going to take you today is the land of "What Don't You Know??? So, tune in and find out if you are in the "Cross-Hairs" of the Revenue Hungry politicians in Washington, DC once again!
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Wednesday at 10 AM Pacific Time on VoiceAmerica Business Channel
BizZne$$ BuzZ is all about your business. Small business is in trouble and they have been as far back as the “rocking” that occurred in 2008. The 14.2 percent loss of many brick and mortar small businesses happened by the year 2015 (source, NFIB 2015 Report). Already being squeezed by Internet predators, like Amazon, E-Bay, etc. They are literally sucking the life out of small businesses by customer and profit “siphoning.” B2B Networking Groups and social media disappointments abound.
Small business needs a “counter” to these E-commerce tsunamis and that mechanism is the power of UNITY, RELATIONSHIP and the Law of RECIPROCITY. This is an EDGE that is a non-compete. The “perfect storm” of shut down/customer distancing, lack of capital and uncertainty are the devastating effects of COVID19 disruption.
Our mission is to provide your business the boost that it needs to recapture your personal visions, rejuvenate your operations and to bring about a platform that represents your interests.
Frank Helring is the CEO and Founder of TheHubmartLLC. He is an established executive with over 45 years of service encompassing Christian ministries, private/corporate insurance, public/philanthropic enterprises and private equities sectors.
His past tenures include owning his own General Insurance Agency from October 1977 to 1991, serving as an Executive Director with World Vision of Orange County from 1994 to 1998 inclusive as a President and CEO of a community-based organization.He has served as President of JMS Consulting Group 2004-2006, a private equities firm in Los Angeles during which time he personally consulted to the VP of Benefits of the legendary NFIB.com on “Boutique” Membership programs and Association negotiating levels of involvement. He and his wife have owned Allure Med Aesthetics, Inc. a medical aesthetics practice, since 2013. Most recently, he is currently involved with revolutionary firms engaged in accelerating the emerging “opportunity commercial marketplace” and cutting edge medical regeneration technologies.
Frank resides in Mission Viejo, with his wife Rhoda. His combination of grassroots community involvement, strategic relationships formation and continued success as a visionary corporate entrepreneur distinguish him as an invaluable asset to the small business community at large.