The Hidden Flaw in the Bipartisan JOBS Act
From Michelle Hirsch’s article in The Fiscal Times:
The bill has members of the business community cheering, calling it a first step in helping small firms gin up enough capital to go public, and subsequently create jobs. “This could mean millions of jobs created over the next decade,” said John Berlau, Senior Fellow for Finance and Access to Capital at the Competitive Enterprise Institute. “It’s flat-out regulatory relief targeted at the firms most likely to charge forward and create jobs.” The Chamber of Commerce similarly lauded the bill as a step toward helping entrepreneurs and small businesses grow. “This bill will create jobs and spur growth—everybody wins,” said Tom Quaadman, Vice President of the U.S. Chamber of Commerce’s Center for Capital Markets Competitiveness.