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Are these exciting times for serial entrepreneurs and investors? In this new year, we saw a highly publicized billionaire businessman become the 45th president of the U.S.A head-spinning upset for some but a phenomenal victory for others who have gained a new faith in the vintage saying, Team work makes a dream work”.
President Donald Trump has captured the undivided attention of many entrepreneurs, small-business owners, and investors with the many promises he made to remove and dismantle the barriers that hinder U.S. businesses.
To start, Trump’s economic plan includes a decrease in the corporate tax rate. He has stated he intends to bring the corporate tax rate down to 15 percent. Currently, corporate tax rates are between 22 and 35 percent, more in some cases.
The current tax rates have been the culprit behind big companies leaving the U.S. This has truly lowered the morale of aspiring business people whose endeavors are to, and have been to, create jobs for their fellow Americans. Just imagine what bringing the $2.1 to $3 trillion that is overseas to avoid this taxation would do for us, collectively. In addition to this tax reduction, Trump also stated there would be a tax imposed on any company that takes their goods and services outside of the U.S. This is music to the ears of every individual who depends on the financial fabric of this country to provide the means for them to create the life they truly do desire to live.
Another promise made by Trump that could really open the floodgates of entrepreneurial heaven is the cutting of 70 percent of federal agency regulations. Trump has made it very clear and agreed with the majority of business owners that these regulations stifled businesses and stopped them from growing here. Regulatory compliance runs about $10 ,585 for businesses with 19 or fewer employees in comparison to $7,755 for companies with 500 or more employees. Once the burden of unnecessary red tape is lifted, the entrepreneur and investor who desire to form a small business, grow it and create jobs can take flight on new sustainable wings. Perhaps the most interesting promise made by Trump is the move toward raising our gross domestic product (GDP). When the GDP is rising, the economy is good, and our investments in tangible assets perform the best. Trump said he would, like to see our GDP rise to about 3 to 4 percent annually while economists have fore casted a 2.2 percent growth rate in 2017 and a 2.3 percent growth rate in 2018.
Are you still wondering how you will get your piece of this increase? If you are looking to start a new business venture or expand your existing business, please take advantage of the private placement opportunities that are available. You can raise up to $5 million for your business without having to do any type of regulation filing with the Securities and Exchange Commission. Give your business the fuel it needs to do its part in boosting America’s economy. Participate and take action, using the existing tools and resources.
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