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Our company is a small high tech manufacturer of scientific instruments for the materials science market and we have benefited from the stimulus package in that many of our customers are government and university entities which are investing their stimulus funds into R&D related to energy.
However, the stimulus money is geared more towards a short term boost of economic activity that also benefits the infrastructure of the country rather than longer term stimulation that occurs through the creation of new products, new jobs and new industries.
Changing the IRS Tax code to allow up to $250,000 to be loaned or invested as stock into the 401k participants’ business would be enough capital to not only help many companies through this recession, but also to allow them to make investments for future growth.
This form of a stimulus package would not use any government money and would also allow the small business owner to invest in his or her future in a way that would benefit the individual, the company and the over all economy.
So while the stimulus package is helping to dampen the effects of the recession, it is not going to be enough to provide for long term economic growth and stability.
President and CEO
posted 3 years, 9 months ago
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