Small Business Tax Credit?

U.S. Treasury Secretary and Obama appointee Timothy Geithner has come out in favor of giving small businesses tax credits in order to attempt to improve the state of the economy. He said that this could be used as a job creation measure. He told the Fox Business Channel that:

“There is a pretty good case for looking at targeted tax incentives to encourage both investment and new hiring and we’re going to take a careful look at all those proposals,”

This was an unprecedented statement from Geithner, and from the Obama administration, which has largely been criticized as “anti-business” and “pro-tax”. He added that he had confidence in the ability of the market to grow.

I hope he is right, and I’m sure small businessmen all over America are pleased to hear about this tax credit. The economy could surely use a jolt as of right now and this could help to alleviate the concerns of many Americans.