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Friday, November 21st, 2008
articles.php?which=ThisWontHurtMuch
This Won't Hurt...Much.

You guys have made it abundantly clear that you like politics as much as sharp stick in the eye. We get it. That's why when we came across this new report from the Small Business and Entrepreneurship Council, it caught our eye. It provides a simple—and interesting!—comparison of the two presidential candidates' stances on small business and related topics. And although the SBEC tends conservative (translation: pro-McCain), the report appears fair, comprehensive, and jibes with our understanding of the candidates' positions.

So, with a little help from USAToday, we've compiled a few of the more interesting tidbits for entrepreneurs and small business from the doc. You can read the whole thing here, but if you lack the time, energy, interest, or all of the above, check out our quick and dirty version:

Here are some of Obama's positions according to the report:

  • 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% tax credit for $50,000 investments in small businesses.
  • As for health insurance, small biz can buy into a national federal pool to receive a refundable tax credit up to 50% on premiums paid for employees.
  • Create a $10 billion "Clean Technologies Venture Capital Fund" to invest in new tech start-ups.
  • Expand SBA and micro-loan programs, as well as strengthen SBA capital access programs directed at minority- and women-owned business.

McCain's plans include the following:

  • Vote of a three-fifths majority in Congress necessary to raise taxes.
  • Permanent ban on Internet taxes.
  • Allow first-year deduction of equipment and technology investment.
  • Ban cell phone taxes.
  • No mandates on small business in regards to health care.

Did we leave out anything critical? Let's hear it if you think we missed any key points.

mccainobama

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