Newsflash! The economy is going about as well as the New Jersey Nets’ season. But there could be some light on the horizon for small business owners. On Tuesday, President Obama announced potential plans to help out small businesses and in turn, improve the overall economy. The proposal includes a tax cut for small businesses, hoping to encourage hiring . It also calls for eliminating capital gains on these businesses for one year. It is suggested that money leftover from the Troubled Asset Relief Fund (TARP) be redirected towards small businesses. Along with these things, the President wants to invest money in roads, bridges, and other infastructure and give rebates to people who make their homes more energy efficient.
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