ELKHART, Ind., Nov. 9, 2015 /PRNewswire/ -- A proposal to create $2 Trillion in 10-20 year, tax-free bonds to help fund small business innovation and growth was disclosed today. These "US Enterprise Bonds" would offer 2-4% interest; whose face value adjusted for inflation every five years; and bond owners would have the option to transfer ownership, tax-free. All funds raised would be used only for making loans to small US companies needing capital for 3-5 years. The proposal stipulates that up to $1 trillion in bonds be issued and sold by the U.S. Small Business Administration (SBA) and another $1 trillion in bonds would be made available to state and local communities to help foster local business growth and startups. It is anticipated that private capital sources would purchase the bonds and the proceeds loaned out to small companies would create over 20 million new, private sector jobs. As loans are repaid, the funds get loaned out over and over until the bonds mature. The innovative proposal was made by Dr. Robert Bohannon, an entrepreneurial inventor, who has setup a website detailing the proposal: www.usenterprisebonds.com. Dr. Bohannon has reached out to Jackie Walorski (R-IN) to get a bill before the House and to the staff of some presidential candidates for support.
Note: Dr. Bohannon receives NO compensation and has NO conflicts of interest.
SOURCE Dr. Bohannon