Obama promises to help entrepreneurs with friendly tax policies.
· Expand the SBA's direct-lending Disaster Loan Program to extend loans to companies affected by the economic downturn and credit crunch.
·Temporarily eliminate fees and increase the amount guaranteed by the government through the SBA's 7(a) and 504 programs, which insure lenders against defaults on small business loans.
· Extend the stimulus act's Section 179 tax deduction, which increased the amount businesses can write off on their taxes for capital investments in new equipment, through 2009.
· Exempt investors from the capital gains tax on their investments in small businesses and startups if they made their investment when a small company was valued below a certain threshold. That threshold has yet to be defined.
· Offer a 50% refundable credit for employee health insurance premiums paid by the employer.
Some CEOs and founders agree to salaries of just $1 a year. But once goodies like bonuses and stock options are added in, some of those executives end up taking home many millions of dollars a year. More