Obama Needs to Do More with Small Business
Chris Hurn, chief executive officer of Mercantile Commercial Capital, told Fox News in an interview Wednesday that $15 billion offered by the White House to largely free up the frozen SBA secondary market, which is dampening bankers from lending SBA loans, is a start. Fox News asked if the $15 billion in government spending may be too small of a handout since it only breaks out to $500 per small business. “The Obama administration hasn’t gone quite far enough," Hurn states.
In addition, Hurns advocates a 100% capital gains tax waiver for more than five years. He also thinks a payroll tax holiday for small business would prime the small business economy.
Here is Mr. Hurn’s interview on Fox News.
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