Business in America
America’s economic growth and
international competitiveness depend on our ability to innovate. President
Obama believes that we will create the jobs and industries of the future and
restore middle class security by doing what America does best – investing in
the creativity and imagination of our people. We must out-innovate,
out-educate, and out-build the rest of the world to ensure that our nation
achieves rapid, sustained and broad-based economic growth.
President Obama is committed to
helping America’s small businesses grow and prosper. Small businesses are the
engines of job creation and essential to strengthening our national economy.
That’s why he has cut taxes for small businesses and helped them get access to
the capital they need to expand and create the jobs we need now and for decades
to come. And that's why the American Jobs Act provides tax relief for every
small business, rewards for those that hire and invest and includes new
measures to cut red tape and ease access to capital.
President Obama set a goal of
doubling America’s exports within five years and his Administration is taking
steps to do just that: getting Congress to pass three critical trade
agreements, expanding loans to exporters, preserving the free flow of
information on the Internet and promoting American manufacturing. And he is
working to make America the best place for people to do business, by reforming
our patent system, improving our infrastructure, and investing in our workers.
To restore security to the middle
class and create an economy built to last – that creates the jobs of the future
and makes things the rest of the world buys we have to out-innovate the
competition. But to win that competition, American companies must be able to
take their ideas to market quickly without the constraints of undue regulation
and costs. That’s why President Obama has directed his Administration to reduce
barriers to American business success, including reforming our patent system, reviewing
federal regulations, and promoting trade.
President Obama knows that
today’s entrepreneurs are tomorrow’s Fortune 500 companies and exemplify
America’s competitive edge in ingenuity and innovation. That is why the
President has tasked his administration with crafting policies that eliminate
barriers to start-up formation, drive investment to the best ideas, and
accelerate the growth of young companies in the marketplace.
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