Filed in archiveon March 25, 2013
2011 will be a good year for small businesses. The proposed budget to be submitted by President Obama this month will offer continued tax breaks to small businesses. This announcement from the White House came alongside the unveiling of a private-public initiative- Startup America Partnership led by Steve Case (AOL co-founder), to help small and support small businesses to secure funding.
The budget proposal would recommend making the temporary tax cuts for small business investors permanent. Those investing into small businesses would also get breaks in capital gains taxes post selling.
In a statement issued by Obama, he said that small business owners embody the American promise. He also said that small businesses play a critical role in expanding the American economy and job creation while fulfilling that promise.
Tags: Small businesses
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