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How Can the Next U.S. President Help Small Business?

September 2, 2016
The future U.S. president should look to open new markets, provide tax relief for small businesses, incentivize health care benefits and improve hiring incentives.

Since taking office, President Barack Obama has been a champion of small business. For example, the Obama administration to date has passed 18 tax cuts for small businesses. President Obama, in 2010, also signed into law the Small Business Jobs Act, which was the most significant piece of small business legislation in over a decade, as it provided critical resources to help small businesses continue to drive economic recovery and create jobs. Furthermore, the Small Business Administration (SBA) and the Obama administration expanded the SupplierPay initiative, a partnership with the private sector to strengthen small businesses by increasing their working capital so they can grow and hire more workers.

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