Monday, July 13, 2009

Money & Business

Risky Business by Matt Bandyk

Senator Judd Gregg on Obama's Plan: We Need Tax Cuts For Small Businesses And Entrepreneurs

January 05, 2009 12:55 PM ET | Matthew Bandyk | Permanent Link | Print

As it searches for a new identity, can the GOP recast itself as the party of the little entrepreneur rather than the party of big business?

Senator Judd Gregg of New Hampshire takes a swing:

Most jobs are not created by big business or by the government (although the government has certainly added a lot of people in the last eight years). Most jobs in America are created by entrepreneurs who start or expand small businesses. So cut their taxes first, and then throw in a tax cut for working Americans so they can weather this storm a little better. This is a Republican idea that was actually proven to work, so we give it to President Obama and his team and say gracefully, "Here, take it. Call it your own. We will not argue. Just do it so we can get this country going again."

Is this just the same old "trickle-down economics" that Republicans have been repeating for years? Or is this a bipartisan idea that moderate Obama Democrats could get behind?

Tags: small business

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About Risky Business

Matt Bandyk, a reporter for U.S. News, explores capitalism from where it all begins, with the entrepreneur, whose risk taking and experimentation provide the roots from which the rest of the economy grows. As much courage as it takes to create one's own business, even the entrepreneur needs some help, and this blog will look at news, trends, and practical advice for starting and running a small business.

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