Proposal for President Obama

Here is a proposal for President Obama.

We very much need jobs to drive the recovery from the current recession. I suggest that a law be passed that:

1. Gives a bit of federal money directly to people who start a one or two person business. To qualify, these folks would have to either be laid-off, or recently discharged from the military with an honorable discharge.

2. Waives any federal income taxes for the first two or three years for each business. I would encourage States to follow the same policy.

It usually takes a while for a new small business to become self-supporting. A small amount of cash up front, and a tax break, would ensure that a significantly greater percentage of these small business starts survive. In the end, these small businesses would return far more to the economy than it will cost to help them get started.

I also encourage a larger federal bonus for sustainable and green business starts. I think a policy like this would help us become more sustainable even more quickly.