New businesses spur innovation and create jobs. Start up businesses need access to new and creative methods for funding. My new business funding initiative is called " The Startup Incentive Act". The purpose of the initiative is to provide an funding incentive that will be attractive to investors in new businesses. Investors in start ups will be allowed to deduct the amount of their investment from their overall tax liability. As a further incentive, investors will be granted an exemption from any capital gains taxes as the result of an stock sale as long as the investor holds the security for at least 5 years.
This initiative should accelerate investment in new business , create a new class of entrepreneurs and produce much need new employment.