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Middle Class Proposal #8 Launching New Entrepreneurs

VISUAL BASIC is a VISUAL and events driven Programming Language. These are the main divergences from th1e old BASIC. In BASIC, programming is done in a text-based environment and the program is executed sequentially. In VISUAL BASIC, programming is done in a graphical environment. In old BASIC, you have to write a text-based procedure to design the interface, but Visual Basic enables you to design the interface by dragging and resizing the objects as well as changing their colors, just like any windows-based programs. . | The Third way Middle Ciass PROGRAM ThirdWa Middle Class Proposal 8 Launching New Entrepreneurs Small businesses are the engine of American job growth and the seedbed of innovation. Many of the world s greatest companies began as one person with one idea tinkering in the garage. But getting a new venture off the ground is not as easy it should be. New small business tax breaks a standard home office deduction and a double deduction for start-up costs can help entrepreneurs get a foot up the ladder and closer to realizing their dreams. THE PROBLEM Starting a business is too complicated and unnecessarily costly Many Americans aspire to the dream of working for themselves at any given time as many as 7 of American workers are actively in the process of starting a business and one in ten Americans is self-employed. 1 Government should be doing more to help more small businesses and entrepreneurs get off the ground. Small businesses are the engine of American job growth. Small businesses employ slightly more than half of the American workforce and create half of the nation s gross domestic product.2 In 2004 small businesses accounted for all of the new jobs created in America they generated nearly 1.9 million net new jobs while bigger companies actually shed workers.3 On average small businesses account for as much as two-thirds of all net new job growth.4 Small businesses are also the lifeblood of the rural economy nine out of ten businesses in rural America are small businesses.5 But business start-up costs can be steep. Fledgling entrepreneurs face a host of expenses even before they open their doors everything from legal and accounting fees to advertising and signs supplies and equipment tools licensing permits and other costs of regulatory compliance rent and utility deposits. For solo entrepreneurs the median start-up costs for starting a business is 6 000 while for team-based ventures it s as much as 20 000.6 The vast majority of small business owners between 80 .