Economic Program | Document
Launching New Entrepreneurs
Small businesses are the backbone of the American economy. They employ more than half of the American workforce and create half of the nation’s gross domestic product. But high start-up costs and complicated tax provisions can be a barrier to entrepreneurs just starting out. Congress can help small business owners start and sustain their businesses by doubling the deduction for start-up costs and creating a standard home office deduction. This module lays out the problem, outlines how to respond and provides suggestions to roll out your plan to the public.
Updated versions of this idea are available in two Idea Brief.