The Obama administration also saw the passage of the Small Business Job Act, which provided additional small business tax cuts, zero capital gain taxes on important small business investments held for five years or more, deduction for self-employed health insurance costs and increased access to lending for small business owners.
Currently, investors have no financial incentive to invest for the long term returns oninvestments held for less than a year are taxed as personal income, but capital gain taxe applies unilaterally and equally to any investment held for even a day beyond 365 days.