This is a post from last Fall: I recently attended a meeting where 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.
If President Obama is able to increase taxes on dividends and capital gains there will be no investment funds available for startups. When stocks are sold, taxes on the sale will have to be considered. The extra risk to investors and the extra cost of that capital 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.