What Should Congress Do to Help Your Small Business?A look at the U.S. Chamber of Commerce's legislative agenda for 2011.
ByCarol Tice•
Opinions expressed by Entrepreneur contributors are their own.
Some entrepreneurs feel the best thing Congress can do is stay out of their business. Others would like to see whole federal agencies dismantled, starting with the IRS and proceeding on from there.
With the new Republican House of Representatives, some business owners are hopeful there's a better chance of seeing their desired agenda become law. The U.S. Chamber of Commerce'sCampaign for Free Enterpriserecently issued a10-point legislative to-do listfor 2011.
What's on the priority list? Here are a few highlights:
- Push for theStartUp Visa Actof 2011,which would make it easier for foreign nationals to start businesses here in the States.
- Support TheAmerican Research and Competitiveness Actof 2011, which would simplify and improve the research and development (R&D) tax credit. The credit would be made permanent, and the "alternative simplified credit" would be increased from 14 percent to 20 percent.
- Increase funding and streamline the U.S. Patent and Trademark Officeto cut the ridiculous backlog of applications from the current average of 35 months down to 20 months or less. As it is, entrepreneurs can't move forward aggressively to market new inventions if they have to wait nearly three years to know if their ideas are protected.
How can you get involved? The Chamber created a newCenter for Entrepreneurshipin February to assist business owners looking to cut bureaucratic red tape, so you might check in there.
You can also call or email your legislators and let them know your views. Some entrepreneurs findstate and local laws more of a burden, so you might want to call your statehouse, too.
国会ional moves do you think would most help entrepreneurs?Leave a comment and tell us your priorities.
