• Signed 18 direct tax breaks that bolster small business growth, including new credits for hiring unemployed workers and veterans and investing in new equipment.
    Read about tax cuts for small business:
  • Supported lending to more than 166,000 small businesses through community banks, state-run loan programs, and the Small Business Administration.
    Read about small business lending:
  • Reformed patent law to help entrepreneurs bring their inventions to market sooner, reduce patent application backlog, and protect U.S. intellectual property abroad.
    Read about the America Invents Act:
  • Cut red tape to help small businesses and entrepreneurs raise capital from investors more efficiently so they can expand and hire more quickly.
    Read about the Jumpstart Our Business Startups (JOBS) Act:
  • Established a tax credit that helped an estimated 360,000 small businesses with the cost of providing health insurance for 2 million workers in 2011. The credit will increase in 2014.
    Read about affordable health care for small businesses:
  • Launched a centralized, one-stop shop to make it easier than ever for businesses of all sizes to access services to help them grow, hire, and export.
    Read about: BusinessUSA
    Read about BusinessUSA:
  • Launched an initiative to accelerate high-growth entrepreneurship by expanding access to capital, cutting red tape that stifles breakthroughs, and creating new opportunities in underserved areas and emerging markets.
    Read about: Startup America
    Read about Startup America:
28 million American small businesses create 2 of every 3 new jobs and employ half of the nation's workforce

What's Next

  • Keep taxes low for 97 percent of small businesses by extending tax credits that will expire in 2013.
    Read about keeping taxes low for small businesses:
  • Jumpstart small business hiring by cutting taxes for businesses that hire new workers or pay higher wages.
    Read about the Small Business Hiring Tax Credit:
  • Renew tax breaks that allow companies to immediately write off the total cost of certain purchases like computers and machines to encourage investment.
    Read about 100 percent expensing:
  • In 2014, small business will be able to shop for affordable health insurance plans through state-based marketplaces, and be eligible tax credits that cover up to 50% of the cost of providing health care for employees.
    Read about expanding tax credits for health care:
  • Permanently eliminate capital gains taxes on certain small business stock held for more than five years to encourage investment that provides crucial funding for small businesses.
    Read about eliminating capital gains:
The Small Business Hiring Income Tax Credit would spur more than $200 billion in new hiring & pay raises