The generous bonus depreciation and smallbusinessdeduction rules begin to drastically phase out in January 2012, which will likely cause a dramatic reversal in investment and other indicators.
The Obama administration also saw the passage of the SmallBusiness Job Act, which provided additional smallbusiness tax cuts, zero capital gain taxes on important smallbusiness investments held for five years or more, deduction for self-employed health insurance costs and increased access to lending for smallbusiness owners.