BizSugar.com › News › Obama For Entrepreneurs?

Well America has a new President, Barack Obama.

Some of Obama's plans for small business include:

- Increase the minimum wage and index the rate to inflation so that it goes up every year

- Wants to eliminate all capital gains taxes for new business start-ups

- Give a $500 credit to business owners to offset the self-employment tax

- Proposes making the R&D tax credit system permanent