ABOUT THIS EPISODE
There’s a ton of focus on the blue wave of Democrats primed to take control of Congress in 2027, but host Gene Marks says he doesn’t see how this will greatly help small businesses. They could rein in tariffs and the war with Iran, which would help costs on imports and prices at the pump and in grocery stores. However, inflation is still high and access to funding depends on interest rates, which Congress doesn’t control. Healthcare and immigration reform require legislation, but the president has veto power. Gene suggests that owners focus on the state they are in and how to manage any changes, especially in blue states, regarding employment law and workplace environment. Listen to the podcast.
Topics:
00:00 – Introduction
01:02 – Midterm Election Results
01:58 – Intro of Impacts on Small Businesses
02:18 – Expect Legislative Stalemate and Vetoes
03:42 – Democrats Might Propose Change to Filibuster
04:00 – How Can Congress Overcome a Veto
04:38 – Where Do Tariffs Stand?
06:10 – Could Limiting War Funding Ease Oil and Gas Prices?
07:35 – Congress Can’t Control Inflation
08:19 – Interest Rates and Inflation Might Stay the Same
10:18 – Congress Might Take a Stab at Healthcare and Immigration
10:45 – Pay Attention to State Level Legislation and Regulations
11:29 – Shut Out the Noise and Other Takeaways for Businesses
13:09 – Episode Wrap-up
Additional Resources
Be prepared with our 2027 Payroll Calendar: https://bit.ly/payroll-cal-2027
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
