Last night in his State of the Union speech, President Obama finally seemed to get his priorities right by putting the focus on small business and job creation. “We should start where most new jobs do—in small businesses, companies that begin when an entrepreneur takes a chance on a dream, or a worker decides it’s time she became her own boss,” Obama said.
Obama called for a jobs bill, emphasizing that job creation is his top priority this year. He specifically called for tax breaks for small business, asking for $30 billion in Wall Street bailout funds to be funneled to community banks for loan to small business. He also heralded the elimination of capital gains taxes on small business investment and tax incentives for hiring new workers and buying equipment.
The President has the message right. Now can he and Congress deliver?