Mixed reviews for Obama’s small biz plans - Orlando Business Journal:

January 28 2010, 6:21pm

To help small businesses grow, the president proposed:

• Using $30 billion in Troubled Asset Relief Program funds to provide cheap capital to community banks for use in making loans to small businesses.

• Eliminating capital gains taxes on investments in small businesses, an idea Obama proposed during the presidential campaign.

• Continuing tax incentives that allow small businesses to immediately write off much of the cost of investments in new equipment instead of having to depreciate it over time.

• Creating a tax credit for small businesses that hire new workers or raise the wages of existing workers.

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Tags: obama, business, investing, taxes, jobs

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