RALEIGH, NC, September 15, 2010 (Press-News.org) Recent moves by the White House to spur economic recovery will have significant benefits for small businesses. One category of these beneficiaries will be penny stocks, or those publicly trading companies with a share price of $5 or less.
"America's small businesses are counting on us," said President Barrack Obama, at a press conference this week. As mentioned in his talking points recently, and during the campaign, small business IS the economy, with over half of all jobs being provided by penny stocks and other small companies.
The Democrats in Congress are trying to give a helping hand to the sluggish economy, via their small business bill. They aim to finalize by the week's end, and then pass it on to the House of Representatives for final approval.
The bill involves $12 billion in tax breaks to small businesses, as well as a $30 billion fund for independent community banks to encourage lending to small firms. A further $200 billion is aimed at small companies that invest in factories and equipment, which relates to the speed at which they are allowed to incur the costs on their books.
Industry groups back the bill, as they claim the lending measure would lead to more loans to small businesses, which would subsequently result in more hiring.
Many small businesses, including most public corporations that are trading as penny stocks, have claimed difficulty in getting financing from banks ever since the 2009 financial crises.
"Most penny stocks are smaller companies in their start-up phases," stated Peter Leeds, The Penny Stock Professional. "They will be the engine that will enable our employment rate to return to former levels, but they need access to capital to make it all happen."
Peter Leeds, Inc. is an online newsletter focused on penny stocks. Located at http://pennystocks.com, subscribers from six continents and dozens of countries make it one of the most popular stock market publications on the Internet.
Obama's Small Business Policies Benefit Penny Stocks
With the Obama administration pushing hard for incentives and tax breaks to spark hiring, the unexpected beneficiaries include most of America's small companies and publicly traded penny stocks.
2010-09-15
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[Press-News.org] Obama's Small Business Policies Benefit Penny StocksWith the Obama administration pushing hard for incentives and tax breaks to spark hiring, the unexpected beneficiaries include most of America's small companies and publicly traded penny stocks.