Obama: I’ve cut taxes for small business 18 times

Radhika Sivadi

< 1 min read ·


WASHINGTON (AP) — President Barack Obama says his administration has cut taxes on small business 18 times over the past four years.

In an interview broadcast Monday on WPYO-FM in Orlando, Florida, the president says the Small Business Administration has expanded its lending capacity and lowered fees during the recent recession.

A lot of companies, he says "kept their doors open because of what we did through the SBA."

The president says he's ordered the head of the SBA to test all of its forms and applications with business owners. If the paperwork proves too complicated or time consuming, he says, it should be simplified.

He says he wants to better promote the SBA with small business owners to "make it something people can take advantage of."

Radhika Sivadi