Playing BRIDGE Grow your business with help from your own tax dollars.
By Stephen Barlas •
Opinions expressed by Entrepreneur contributors are their own.
Sen. John Kerry's BRIDGE Act isn't about building thenext Golden Gate, but it may help entrepreneurs seize goldenopportunities.
The BRIDGE (Business Retained Income During Growth andExpansion) Act would allow businesses to access capital bytemporarily deferring a portion of their taxes. The deferral wouldbe limited to $250,000, repayable with interest over four years.Because of interest, the bill actually generates a net gain of $1.1billion over 10 years.
The bill (S.1903) was the subject of a hearing held on June 4 inthe Senate Finance Committee. Both Kerry and Sen. Olympia Snowe(R-ME), the other co-sponsor of the bill, are members of thatcommittee, enhancing the chance of passage.
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