I received an e-mail from Chris Hurn, cofounder and CEO of Mercantile Capital Corporationin Altamonte Springs, FL. He was commenting on President Obama’s “jobs summit” and offered these suggestions to boost job growth:
1. Implement a meaningful payroll tax holiday for both employers AND employees (January 1st to July 1st, or better yet, ALL of 2010).
2. Permanently abolish the capital gains tax on any investments made in eligible small businesses (fewer than $100MM or under 500 employees) during 2010.
3. Repeal or drastically modify Sarbanes-Oxley, as it has only hampered business growth and hasn't done nearly as much good as was intended (I call it the "Accountant Full-Employment Act").
4. Get health reform RIGHT -- the plans in circulation are still missing two very important things: tort reform and the ability to purchase health insurance across state lines.
I couldn’t have said it better.
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