Where Obama and McCain Stand on Small-Business Issues
The Small Business and Entrepreneurship Council today released a great comparison of the two presidential candidates' positions on the issues that most affect small businesses. While the SBEC is known to support policies that probably more closely resemble McCain's platform, this is a pretty fair list.
From the Obama camp, some of the more interesting stances are:
- Eliminate all capital gains taxes for small-business start-ups
- Make R&D tax credit permanent
- Establish a small-business and microenterprise initiative for rural America—20 percent tax credit for $50,000 investments in small businesses
From McCain:
Tags: presidential election 2008 | small business | Barack Obama | John McCain
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Reader Comments
If McCain had any wisdom, he'd know that most of the small businesses are brick-and-mortar places that, if anything, COMPETE with products sold on the Internet. Banning sales taxes from Internet sales HURTS more small businesses than it "helps".
He would also know that (due to filibuster) that a 3/5 (60 senators) majority is ALREADY needed for Congress to raise taxes.
True-to-form McCain clulessness.
McCain gets it
McCain at least understands that Americans who work 24/7 to start and build business deserve to be able to reap the rewards of the seed they sow. Why should we be taxed when businesses pass to our heirs? We have already been taxed far more than the large companies we compete with regularly. We take risks -- personally, professionally. We put employees needs before our own. We sacrifice and work harder than any union member or corporate executive with far more to lose. Wake up folks. wihtout us -- there is no middle america., You want to raise our taxes. Great. raise our taxes and you know what -- we can survive without employing any of you or giving anything to charity or our communities. We will be greedy. We'll have to me.
McCain rocks.
Lucy, lucy
1) YOU are not taxed on estates. You (then) are passed away.
The heirs are taxed on a windfall they did not create---to raise revenue and prevent dynasty.
2) You (probably an S-Corp) are not taxed more heavily than the big corporations you compete with.
3) You are haughty to boot. "We" don't work for you as you imagine. Pity your employees.
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