The policies coming out of Washington are changing faster than we have time to digest them.
President Obama proposes to allocate $30 billion of unspent stimulus money to support lending to small businesses. This is a nice gesture, but small business needs equity, too.
And although small businesses certainly need access to credit, borrowing is not a good way to start a business from scratch.
Obama also proposed eliminating capital gains tax on the sale of small businesses. This also is good, but many small businesses won’t be for sale anytime soon, so it’s a moot point.
To read the full, original article click on this link: Guest Opinion: Obama’s latest plan might not help | Richmond BizSense
Author: Thomas Bowden
