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Chairman Of National Eagles & Angels Assn. Applauds Obama Administration For Job Growth Initiatives
George Jarkesy, Chairman of the National Eagles and Angels Association (NEAA), a nationwide alliance of qualified individual investors and business angels, today applauded President Obama for his Administration's focus on supporting growth of American small businesses.
HOUSTON, TX, March 02, 2011 /Human Resources PR News/ -- George Jarkesy, Chairman of the National Eagles and Angels Association (NEAA), a nationwide alliance of qualified individual investors and business angels, today applauded President Obama for his Administration's focus on supporting growth of American small businesses; and further encouraged U.S. legislators to consider proposed policy changes relating to Section 760 of the Tax Relief Act of 2010, which provides for the temporary exclusion of 100% of capital gains earned on certain small business stock investments made between September 27, 2010 and January 1, 2012.
Chairman Jarkesy stated, "During a recent speech at Winning the Future Forum for Small Business, President Obama emphasized the need to support and celebrate U.S. entrepreneurialism, charging that our country must invest 'in innovation, so that America stays on the cutting edge; in education, so businesses have access to the skilled workers that they need; in upgrading our transportation and information networks, so companies can move goods and services quickly and cheaply.' He further noted that small companies with the potential to grow into bigger ones are indeed the 'key to America's future.'
"As an American who has spent my entire career focused on investing in U.S. entrepreneurial growth companies, I am in full agreement with our President. In fact, the future of our country has always depended on the success of small companies and the visionary entrepreneurs who lead them. The jobs they create, the innovations they pioneer and the spirit of hope and possibility that they inspire, have long been the lifeblood fueling American greatness, achievement and quality of life.
"Moreover, I applaud the proactive steps that the Obama Administration has recently taken, such as extending the period for the exemption of 100% capital gains on small company stocks through to the end of 2012 and implementing new impact programs like Startup America. These are solid and meaningful attempts at helping promising, young companies to access the essential capital they require to ultimately grow and prosper. However, there is much more that can and should be done to spur investment in entrepreneurial growth companies by Americans helping Americans.
"Speaking on behalf of the National Eagles and Angels Association, a national organization formed by pro-American-business individual investors and business angels, I would like to encourage U.S. legislators to make the exemption of capital gains on small company stocks permanent. Moreover, NEAA strongly supports modifying the taxation policy to provide for a reduction in the number of years the small company stock must be held from five to three years. This change would allow investors to accelerate the reinvestment of their capital and ultimately support many more entrepreneurial growth companies in the process. This, in turn, will help promote even more robust U.S. job creation, support the technological innovation necessary to continue revolutionizing industry and materially strengthen our country's economy.
"The members of NEAA stand ready to put our individual capital resources to work for America's entrepreneurial companies, and heartily endorse those policy changes that will allow us to do that in the most efficient and optimal manner," concluded Jarkesy.
About National Eagles and Angels Association
The National Eagles and Angels Association (NEAA) is a nationwide alliance of qualified individual investors and business angels, each accepting the high risk while anticipating the potential high returns that can be commensurate with investment in entrepreneurial growth companies. NEAA members actively seek out these future American success stories, not only to reap rewards from their research and diligence to do so, but also for the opportunity to reward the risk-takers and entrepreneurs who have made the necessary commitment it requires to build true, enduring companies - which for more than two centuries have served to fuel innovation and promote the just ideals and practices of capitalism, the backbone of the American economy. To become a member or access additional information, please visit www.eagleandangel.com. You may also follow us on Facebook and Twitter.
For more information, please contact:
Dwayne Deslatte, Director of National Operations
888-465-6322 or via email at Dwayne@eagleandangel.com
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