On Tuesday, the Associated Press previewed President Obama’s legislative proposal to enact or expand tax breaks for small businesses and remove barriers to startups. The President’s proposal, which was introduced today, features several key elements of the American Growth, Recovery, Empowerment and Entrepreneurship (AGREE) Act introduced by U.S. Senator Chris Coons (D-Del.) and U.S. Senator Marco Rubio (R-Fla.) in November.
The proposals borrow from past Obama initiatives and from bipartisan legislation that has either already passed in the House or is being proposed in the Senate. Obama’s package includes proposals offered in the Senate by Democrat Chris Coons of Delaware and Republican Marco Rubio of Florida and another plan by Republican Jerry Moran of Kansas and Democrat Mark Warner of Virginia.
Click here to read the full Associated Press article.
Click here to read Senator Coons’ press release on President Obama’s proposal.
Click here to learn more about the bipartisan AGREE Act.