Is Obama's carrot to small business and indication that on some level even he acknowledges supply side economics can have a stimulative affect on the economy?
Quote:
WASHINGTON -- Way back in February, small business groups complained that they got short shrift from the economic stimulus bill. Nearly a year later, President Obama now seems to agree.
At the Brookings Institution Tuesday, the president made several overtures to small businesses. He wants to expand or extend some of the tax breaks offered in the stimulus bill, including a 100% exclusion from capital gains taxes next year. And the president proposed an "employment tax cut" to encourage small business hiring. He also wants to cut fees and increase government backing for Small Business Administration programs.
"It's worth remembering that every once in a while a small business becomes a big business and changes the world," the president said. "That's why it is so important that we help small business struggling to open, or stay open, during these difficult times.
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Obama's Small Business Conundrum - Forbes.com
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