One of the most significant changes contained in Obama's budget is the increase in taxes on the top income brackets. Obama's budget calls for tax hikes that would restore Clinton-era rates of 36% and 39.6% on individuals earning $200,000 and couples earning $250,000, respectively. The changes would be instituted at the end of 2010 when the 2001/2003 tax cuts are set to expire and currently stand at 35% for individuals in that bracket and 36% for couples.

The Administration inaccurately claims that these tax increases would only affect 3% of small business owners, but this number does not account for the number of small business owners who report small business income on their personal income tax returns. About 35% of all business taxes are paid in this manner.

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A recent survey conducted by the National Association of Women Business Owners (NAWBO) shows more than half of its members say they have no plans to reduce employment, and nearly 25 percent say they actually plan to add jobs this year!

I have spoken to a number of NAWBO members and they tell me that they don't listen to the negative news, aggressively market their products and services, and focus on family and friends.  This is smart advice!  

Read more about women entrepreneurs and policy issues that impact their bottom line. 

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