| Oct. 25th, 2014

Obama's Stimulus Plans Will Favor Venture Capitalists over the Middle Class

The latest economic stimulus plan that will come from President-elect Barack Obama and the Democratic Congress will likely contain new loopholes in federal laws and policies that will benefit wealthy venture capitalists that contributed heavily to Obama’s campaign and key Democratic leaders in Congress.
One of the most likely changes we could see in an Obama stimulus plan is an attempt to modify the Small Business Act’s definition of a small business as being “independently owned.”
The National Venture Capital Association (NVCA) and it’s well-heeled members want the definition of a small business as “independent....

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