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Monday, January 5th, 2009
articles.php?which=JoeTheEntrepreneur
Joe The Entrepreneur.

As you've undoubtedly heard (ha), we're having a huge presidential election next week. While we're assuming most everyone has decided who they're siding with this year, you still may be curious where candidates Obama and McCain stand on issues related to entrepreneurs, particularly if you're working on a business plan or operate a start-up. Good news. For the past few weeks Entrepreneur Magazine solicited questions for the candidates from scores of entrepreneurs like you. This week, they ran the candidates' responses to some of those questions online. While John McCain's camp didn't respond (Entrepreneur cobbled together his "answers" from public domain sources), the Q&A is still interesting—and revealing about how entrepreneurs and small business would be treated under either candidates' administration. To wit: reader John of Shakopee, Minnesota asked: "I want to start a business in 2009. What policies will your administration implement to help risk takers start and grow their small business?"

Camp Obama provided a long response, including his pledge to "help small businesses raise capital by exempting investments in small and startup businesses from all capital gains taxes," as well as noting that "Obama will offer a new Small Business Health Tax Credit to help small businesses provide quality health care to their employees."

Again, while Team McCain didn't respond, Entrepreneur generated a response that's in keeping with what what he's said in speeches and other public forums: "John McCain will keep the top tax rate at 35 percent, maintain the 15 percent rates on dividends and capital gains, and phase-out the Alternative Minimum Tax," and that "He has proposed permitting the first-year expensing of new equipment and technology."

But don't just read the snippets. Check out all the questions entrepreneurs asked, along with the candidates' full responses at Entrepreneur. While sure there's more than a little rhetoric and a lot of campaign promises in their answers, for now it's the best insight we have into how they perceive small business.

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