John Hickenlooper is unveiling his plan to boost the economy by embracing what he sees as the power of private industry
Former Colorado Gov. John Hickenlooper, a small businessman who opened brewpubs in Denver and across the Midwest, is unveiling his plan to boost the U.S. economy by embracing what he sees as the power of private industry.
His proposal calls for creation of an “entrepreneurship tax credit” for small businesses and a “micro-enterprise tax credit” for businesses with five employees or fewer and up to $10 million in revenue. He also calls for creating incentives for startups “in rural and distressed areas,” doubling the federal earned income tax credit, taxing capital gains at the same rate as ordinary income and ending tax loopholes for “very wealthy” Americans who pass portfolios to their children.
He wants to pursue a trillion-dollar federal investment in infrastructure with an emphasis on clean energy and rural broadband service. He would pay for it in part by a partial repeal of the tax cuts that Trump signed into law in 2017.The plan includes “universal” health care while maintaining private insurance for those satisfied with employer-provided coverage.Elements of Hickenlooper’s plan overlap with other candidates' proposals.
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