Sunday, March 15, 2009

What we can do to stimulate job growth NOW . . .

I've heard from a lot of people regarding my blog post from Tuesday – – if you haven't read it go here to get up to speed. As promised what follows are my proposals that would dramatically stimulate job growth in America.

I propose Phase II – – a "Small Business Growth Act of 2009" to jumpstart our economy into the future. Let's start by incentivizing investments into new and successful small businesses. President Obama stated on the campaign trail that waiving capital gains for those investing in small businesses was noble public policy. But sadly, this provision was missing in the recent stimulus bill. So many politicians claim to be for small businesses, yet so many seem missing when real progress is needed (we saw this recently with our politicians including cuts in fees for SBA loans in the stimulus bill when it was an access to capital problem, not a cost of capital problem that should have been addressed).

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