obama...

On March 16, President Barack Obama vowed to ease the financial plight of the nation's small businesses, promising immediate action to revive frozen credit markets.Treasury Secretary Timothy Geithner said administration will create a "substantial program" to get credit flowing and to ease the nation's housing crisis.
Geithner said the package will nearly double, to $250,000, the new capital investment that can be written off and said it will include provisions to reduce and then eliminate capital gains taxes in stock and to make health insurance more affordable.
In addition, the Internal Revenue Service announced on the same day that small businesses will be able to carry back business losses for five years instead of the current two years "in order to increase your cash flow as we come out of this period and allow you to invest more in your operations."Christina Romer, who heads the Council of Economic Advisers, said on March 15 the government would pump "a significant amount" of money into boosting small business lending, but she did not reveal a total figure.