Everyone, everywhere is focused on the stimulus package being debated on Capitol Hill. My latest essay suggests policymakers can and should do more to leverage the role ofentrepreneurs in stimulating our economy, but they must do socarefully.
Here is the lead:
Congress is considering the American Recovery and Reinvestment Bill of 2009. This new $825 billion economic stimulus package includes $275 billion in economic recovery tax cuts to individuals and businesses over two years, making it clear that the U.S. is relying heavily on entrepreneurs to jumpstart our economy. And they’re right to do so. According to the Small Business Administration Office of Advocacy, since the mid-1990s, small businesses have created 60 to 80 percent of the net new jobs. Many of these businesses become high growth companies that continuously contribute to our economy.
Now, read the rest.