21 of 22
BACKNEXT
Small Business
Small Business
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.

· Freeze estate tax rate at 45% and increase exemption to $3.5 million.

"We'll work, at every juncture, to remove bureaucratic barriers for small and startup businesses." -- Obama*


NEXT: Complete Election Coverage
Last updated November 06 2008: 11:36 AM ET
Source:
*June 16, 2008, Speech, Flint, Mich.
More Galleries
10 of the most luxurious airline amenity kits When it comes to in-flight pampering, the amenity kits offered by these 10 airlines are the ultimate in luxury More
7 startups that want to improve your mental health From a text therapy platform to apps that push you reminders to breathe, these self-care startups offer help on a daily basis or in times of need. More
5 radical technologies that will change how you get to work From Uber's flying cars to the Hyperloop, these are some of the neatest transportation concepts in the works today. More

Special Offer

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.