Bipartisan Effort Can Keep U.S. Entrepreneurs Ahead of Global Competition

Mar 1, 2012

In a Congress that is decidedly divided these days, there is one issue that has brought together President Obama, House Majority Leader Eric Cantor, Senate Majority Leader Harry Reid, and countless others from opposite sides of the aisle. Steve Case, a member of President Obama’s Council on Jobs and Competitiveness, writes in The Hill’s Congress Blog, that the President and Congress are rallying around our nation’s innovative new businesses to ensure that we remain the world’s most entrepreneurial nation. Case argues:

If we take advantage of this rare bipartisan moment to bring Republicans and Democrats in the Senate, House and White House together, we can pass pro-entrepreneurship legislation this spring...Improving the environment for entrepreneurs is the surest way to boost job creation and strengthen our global competitiveness.

Legislation like Rep. Cantor’s JOBS Act, the Startup Act from Sen. Jerry Moran (R-Kan.) and Sen. Mark Warner (D-Va.), and President Obama’s Startup America Legislative Agenda proposal all aim to make entrepreneurship easier by cutting taxes for start-ups and investors, and keeping immigrants skilled in the fields of math, science, technology, and engineering in the United States.

There is a good case to be made for any legislation making it easier to create start-ups and keep talented entrepreneurs in the United States. Over the past three decades, startups have created 40 million American jobs. However, since 2007, the creation of startups has declined 23% – a dip that has cost our economy 2 million jobs.

Other nations have begun investing in fast-growing startups hoping to create the next Facebook or Twitter. With this bipartisan moment, Case says we have to act now to ensure that we remain the world leader in entrepreneurialism

Click here to read more about our entrepreneurial investment from Steve Case in The Hill’s Congress Blog.

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