Double the Deduction for Small Business Start-Up Costs

SUMMARY

This idea brief proposes doubling the existing business start-up deduction to make the initial costs of forming and running a business more affordable.

America’s small businesses are catalysts for growth and seedbeds of innovation. However, getting a new venture off the ground isn’t as affordable as it should be and new business owners often provide much of the initial investment in their business out of their own pocket.

This idea brief proposes doubling the current start-up deduction to help new entrepreneurs cope with the initial cost of making their business dream a reality.

To read this Report, open the attached PDF