Obama Urges Congress To Act On Small Business “To-Do” List
“President Obama Wednesday called upon Congress to take action on the “To Do List” of small business legislation. Ahead of National Small Business week, the president also held a roundtable discussion on his proposed legislation with U.S. entrepreneurs and Small Business Administrator and president Karen Mills.”
“Among the items in Obama’s proposal is legislation that would give companies a 20% tax credit for moving overseas operations back to the U.S., according to a White House release. The president is also asking Congress to give a 10% income tax credit to businesses that either create new jobs or increase wages in 2012, and to extend 100% expensing throughout the year for all businesses.”
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