Liberal, Irreverent

Sunday, October 12, 2008

Barack's Small Business Rescue Plan: Key Points

Expanded Access to Capital
Barack will unlock credit needed to keep small businesses growing by implementing a nationwide emergency lending facility for small businesses.

Provide Temporary Tax Relief
To stimulate investment and job growth and spark our long-term recovery, the Small Business Rescue Plan will provide temporary business tax incentives through 2009.

Eliminate Capital Gains Taxes
Barack's plan will eliminate all capital gains taxes on investments made in small and start-up businesses, encouraging investment and innovation.

Cut or Freeze Taxes for 99% of Small Business Owners
To help individuals with small business income -- including the country's more than 20 million self-employed individuals -- Barack will provide a $1,000 Making Work Pay tax credit to 95 percent of workers and their families, and freeze any tax increases for the remaining 4 percent.

Lower Health Care Costs and Ease the Health Care Burden
Barack will give small businesses new incentives, help cut costs, and improve efficiency for all firms to provide health care to their workers at an affordable rate.

Expand Opportunity for Small Businesses
Barack will put in place far-reaching reforms to expand the ability of women-, service-disabled veteran-, and minority-owned firms to compete in today's marketplace.

Join Small Business for Obama

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