On January 27th, President Obama delivered his first State of the Union address, where he laid out his plan to continue growing the U.S. economy. The President’s plan focused heavily on job creation, imploring Democrats and Republicans to work together to pass a series of job creation measures and tax breaks to benefit American families and small business, which would include many landscape architecture firms.
Specifically, President Obama’s plan would direct $30 billion of the money Wall Street banks have repaid to the U.S. government to be used to help community banks extend credit to small businesses. The President also proposes a small business tax credit targeting small businesses who hire new workers or raise wages and an elimination of all capital gains taxes on small business investment.
President Obama also reiterated his focus on building a competitive green economy and called on Congress to take steps to ensure that America becomes the global leader in green job creation. He emphasized building clean energy efficient facilities and providing tax rebates to Americans who make their homes more energy-efficient, both of which would support green jobs.
With the release of the President’s budget next week, ASLA’s Government Affairs team will be prepared to identify opportunities for landscape architects to help expand their businesses and implement green infrastructure solutions to help green the economy.