Politics on the Hudson
Lowey, small-businessowners back Obama tax proposal
Small businesses could get a 10 percent tax credit for new hires and continue to receive authorization for expensing 100 percent of their investments, according to a plan proposed by President Barack Obama and championed at Captain Lawrence Brewing in Elmsford today by Democratic U.S. Rep. Nita Lowey and business owners…
Lowey said in a statement that Congress should act on the legislation right away.
“When small businesses are able to hire and expand, our entire economy and community benefit. That is why incentivizing the hiring of new employees and providing full expensing of equipment are two of the smartest investments we can make right now,” she said. Read More.