http://thehill.com/blogs/on-the-money/801-economy/186699-obama-jobs-council-offers-up-gop-friendly-ideasPresident Obama’s Jobs Council offered the White House a detailed menu of job creating recommendations, many of which should appeal to congressional Republicans as well as Democrats.
The council, led by GE head Jeffrey Immelt, a Republican, late Monday released its interim report focusing on medium-term reforms that could boost employment. Among its recommendations are easing environmental and health regulations and reducing taxes on investors.
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For start-ups, the council is recommending extending a capital gains tax exclusion for small businesses and lowering the rate to 10 percent from 15 percent for investors in startups. It calls for the easing of Sarbanes- Oxley accounting rules and requirements in the Dodd-Frank financial reform law.
Multiple sections of the report call for visa reform, including easing green cards for science and engineering graduates and allowing more highly skill workers and entrepreneurs to obtain temporary visas.
More at the link --