Having just returned from two days at “The Gulch,” there was discussion about the need for funding for startup businesses in St. Louis. St. Louis has always been a mecca for small to medium-sized business. Now, with many of those businesses being sold there is an abundance of cash available for investment. However, a small fraction of those funds are available for investment in the needed development of new businesses.
There is no doubt that if dividend taxes and capital gains are increased there will be no investment funds available for startups. When stocks are sold, taxes on the sale will have to be considered. These businesses are risky and to have to pay a premium for making that investment will be a deal killer. We must replace our small businesses with young innovative enterprises, increased taxes and regulation will strangle job growth in St. Louis and the nation.