There is a lot of economic uncertainty due to the expiration of the 2001 Bush tax cuts, government intrusion into the private sector, and mounting debt that is freezing private sector investing and hiring. To create jobs, we must stop tax hikes on families and small businesses, ensure access to credit for job creators, and provide incentives for investing.
Here are some of the ideas being discussed to help create an environment for small businesses to create jobs and grow:
- Allow extra capital for investment and hiring, by permitting businesses with fewer than 500 employees to take a deduction of 20 percent of their income;
- Allow people to keep more of the money they earned and provide more certainty for business planning by extending the expiring 2001 Bush tax cuts;
- Help ensure access to credit by reforming banking oversight to ensure federal regulators do not block access to loans for credit-worthy businesses;
- Provide stability and empower businesses to invest and grow by requiring Congressional approval of the enforcement of any “major” new regulation that would have a significant increase in costs or prices for the American people.
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