Independent programmers and consultants dodged a bullet last week when the "Tax Extenders" bill fell to a filibuster by only two votes. It contained a 15% tax increase on S corporations that many consultants use.
But now we have a new version of the Financial Regulation bill out of the conference committee. This week with the death of Senator Byrd (D-VA) and doubts from Senators Collins (R-ME), Snowe (R-ME), and Brown (R-MA!) this bill may go down to a similarly narrow filibuster with 41 or 42 senators against it.
The previous versions of the Financial Regulation bill included six month waiting periods to raise angel funds, multiplied disclosure requirements, authorization for duplicate and burdensome state re-regulation on top of federal regulations, increased minimum income limits for angels and venture capital investors, and other stabs at startups.
News outlets are still deciphering the new bill so I haven't seen much about the new version. Does it still try to stymie startups?