Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

Obama Signs Multi-Billion Dollar Measure That Aims To Help Small Businesses, Create Jobs

September 30, 2010 by  

Obama signs multi-billion dollar measure that aims to help small businesses, create jobsIn an effort to stimulate job growth and revive entrepreneurship, President Barack Obama signed a $42 billion bill on Sept. 27 to help small businesses in the United States.

The Small Business Jobs Act authorizes the creation of a $30 billion fund that will allow banks to increase their lending amount to small companies. The legislation, which was approved by Congress last week, also provides new tax breaks to small businesses, increases Small Business Administration (SBA) lending limits and waives SBA loans fees.

Obama called the bill "a great victory for America's entrepreneurs." Top Republican officials, however, were not as enthusiastic.

"Unfortunately, this bill does nothing to help end the uncertainty that is crippling job creation and hurting small businesses," House Minority Leader John Boehner (R-Ohio) said. "Instead it puts taxpayers on the hook for even more bailouts."

According to a recent survey by the Office Depot Small Business Index, most small business owners have no intention of adding jobs in the near future. Of those surveyed, 81 percent said they are not expecting to hire new staff within the next six months. Hesitant business owners cited reasons such as fear of higher taxes, increased healthcare costs and economic uncertainty.

Special To Personal Liberty

You Sound Off! is written by our readers and appears the last Wednesday of each month. If you would like to submit an article or letter to the editor for consideration for You Sound Off!, send it to yousoundoff@personalliberty.com by the Friday before the last Wednesday of the month. To be considered, a submission should be 750 words or less and must include the writer's name, address and a telephone number. Only the writer's name will be published. Anonymous submissions will not be considered.

Facebook Conversations

Join the Discussion:
View Comments to “Obama Signs Multi-Billion Dollar Measure That Aims To Help Small Businesses, Create Jobs”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.