Obama Promises Help for Small Businesses

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President Obama State of the Union 2010

President Obama State of the Union 2010

Here is a recap of the small business initiatives mentioned in President Obama’s first State of the Union Address last night. 

Obama Promises Help for Small Businesses. The President devoted  two-thirds of his 70-minute speech to the economy.  For example, he promises to increase funding for small business lending to $30 billion.  In addition, assuming he can convince Congress, he promises to create more jobs, eliminate capital gains tax, and double American exports.

Sharmil McKee | Business Attorney | blog@mckeeoffice.com

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About Sharmil McKee

I am a licensed business attorney and owner of McKee Law Office. The firm focuses on providing small and mid-sized companies with strategic legal advice. I help businesses prevent and resolve contract disputes, debt collections, employee disputes and tax problems. I have helped over 100 businesses and have tried over 200 cases. In addition, I am the only business attorney in Philadelphia with over 10 years of experience owning and operating a business.