Highlights:
- One-year elimination on capital gains taxes from new investments in small business stock.
- Extension through 2010 of the Recovery Act provision allowing small businesses to immediately expense up to $250,000 of qualified investment
- Extension of Recovery Act bonus depreciation tax incentive that accelerates the rate at which businesses can deduct the cost of capital expenditures.
- New tax cut for small businesses to encourage hiring.
- Elimination of fees and increasing guarantees for small businesses that borrow through SBA programs in 2010.
- Additional investment in highways, transit, rail, aviation and water.
- Support for merit-based infrastructure investment that leverages federal dollars.
- New incentives for consumers who invest in energy efficient retrofits in their homes.
- Expansion of oversubscribed Recover Act programs to leverage private investment in energy efficiency and create clean energy manufacturing jobs.
- Freeing up resources for stabilization of Wall Street and putting them to work on Main Street.
- Overall approach to fiscal discipline in the budget.
- Additional $250 Economic Recovery Payment to seniors and veterans.
Paulbots will decry this in 3, 2…
1 response so far ↓
1 E // Dec 8, 2009 at 4:01 pm
Not all that bad…So this Paultard won’t unilaterally decry it.
These weren’t numbered but I will number them.
1-a likely non event, the likelihood of getting an ROI in one year in the small business sector is unlikely…maybe on Wall St, flipping stocks..but not in the world of the small business (nice try though).
2-very nice, although the likelihood of getting financing to be able to make that 250K investment is on the wane…also depends on what ‘qualified’ means….could be quite useful.
3- very nice, this is reminiscent of a very successful Bush era vehicle depreciation program…very useful.
4-Ironic…as Congress just a few months ago had the chance to do this, but killed it. A good idea though. Won’t necessarily cause businesses to hire, but might enable companies to hang on to a new hire
5-OK, I guess…if the SBA is your cup of tea.
These ideas aren’t all that bad…they are however a bit late in coming, maybe too late. Too bad Bush’s cabinet couldn’t get their heads out of their asses long enough to see that some of these measures would have been of benefit…2 years ago.
The rest is more of the same stuff we’re in the midst of trying already…not really worth commenting on.
Leave a Comment