One of my job creation proposals #CTsen #mertens2010

Connecticut U.S. Senate candidate John Mertens has proposed a jobs creation program through federal income tax deferrals for incubator investors. The new program would allow investors to defer paying federal income tax on revenue that they invest in start-up and early-stage companies in the United States.

 “Many investors are refraining from investing in start-up and early-stage companies because of concern about the economy. This program will help reduce risk and promote job creation by providing short term incentives to invest,” says Mertens.

 Investors would defer paying federal income tax on new earnings that they invest in start-up or early-stage companies, until they recoup their investments.

Mertens added: “There is no need to reinvent the wheel or create a new federal agency. States with existing incubator programs such as Connecticut Innovations (www.ctinnovations.com) already have a system in place that could determine what companies would qualify for investors to participate immediately.”