Encouraging new industry also means giving more support to American entrepreneurs. The other day, Senator McCain gave a speech to the Small Business Summit where he attacked my plan to provide tax relief for the middle class. What he didn't say is that I've also proposed exempting all start-up companies from capital gains taxes. In other words, John McCain would tax them. I won't. We'll work, at every juncture, to remove bureaucratic barriers for small and startup businesses – for example, by making the patent process more efficient and reliable. And we'll help with technical support to do everything we can to make sure the next Google or Microsoft is started here in America.
read the full speech
Monday, June 16, 2008
Obama Exempt Startups From Capital Gains
At obama's town hall in michigan this morning, this is one thing that stuck out for me:
