No small business capital gains tax?

I just heard Obama talking about a proposal to eliminate capital gains tax for some small businesses, does anyone know more about this ? I heard it has not been drafted, what are your opinions on the proposal?

Comments (2)

Jul 23, 2010

That would be a great proposal, small businesses have already been getting hammered by some of his other policies (increase dividend tax, health care costs)

Small glace at small businesses effect on our economy

Small Business Impact on the Economy
The estimated 29.6 million small businesses in the United States:

Employ just over half of the country's private sector workforce
Hire 40 percent of high tech workers, such as scientists, engineers and computer workers
Include 52 percent home-based businesses and two percent franchises
Represent 97.3 percent of all the exporters of goods
Represent 99.7 percent of all employer firms
Generate a majority of the innovations that come from United States companies
Source: U.S. Small Business Administration Office of Advocacy, September 2009

Jul 26, 2010
Comment

Hope '08