“Senator Obama’s plans would add to the difficulties of small business in other ways, too. Currently, there are the 21.6 million sole proprietorships filing under the individual income tax. When Senator Obama talks about raising income tax rates on those making over 250,000 dollars — that includes these businesses as well. He also proposes increases in dividend and capital gains taxes. Under Senator Obama’s tax plan, Americans of every background would see their taxes rise – seniors, parents, small business owners, and just about everyone who has even a modest investment in the market. He proposes to eliminate the Social Security earnings cap, and thereby to increase the tax on employers. He proposes to eliminate the secret ballot for union votes, and to raise the minimum wage and then index it, which is a sure way to add to your costs and to slow the creation of new jobs. You work hard in small businesses to grow and to create new jobs and opportunities for others — and the federal government shouldn’t make your work any harder.” [McCain speech to the NFIB, 6/10/08]

Barack Obama Will Only Raise Taxes for Those Earning Over $250,000 Per Year: In an interview with CNBC, Barack Obama stated, “And I think that we have an economy that's been out of balance for too long, so the general principle of raising taxes on higher income Americans like myself, and providing relief to those who haven't benefited as much from this new global economy, I think is a sound one. And keep in mind on all of these proposals, what I've said is, let's make sure that we define the well-off so that we're not hitting the middle class, you know. I generally define well-off as people who are making 250,000 dollars a year or more. And that means, for example, if we raise the capital gains tax, I will exempt people who are essentially small investors, and really capture those who have done very, very well over the last two decades.” [CNBC, 06/09/08]


Less than 2 Percent of Small Businesses Would be Affected by Rolling Back the Bush Tax Cuts on the Wealthy: According to the nonpartisan Tax Policy Center, less than 2 percent of individual tax filers who report small business income fall into the top two marginal tax rates. [Tax Policy Center, 4/27/07]


Barack Obama is the Only Candidate to Propose Cutting the Capital Gains Tax Rate to Zero for Start Ups and Small Businesses: Barack Obama has stated, “As we make these changes, we'll be sure to encourage growth and innovation. So we'll exempt start-up companies and small businesses from capital gains to give them an added boost. Because when more Americans tap that well of opportunity, all of us are better off.” [Barack Obama, 9/17/07] John McCain’s economic proposal lacks such a provision. [JohnMcCain.com]


Barack Obama is the Only Candidate to Propose Tax Relief for Low and Middle Income Seniors: Obama will eliminate all income taxation of seniors making less than $50,000 per year. This will provide an immediate tax cut averaging $1,400 to 7 million seniors and relieve millions from the burden of filing tax returns. John McCain’s tax proposal lacks such a provision. [Barackobama.com; JohnMcCain.com]


Obama Will Provide Real Middle Class Tax Relief. Barack Obama is the only candidate who has a real middle class relief plan – he will provide $1,000 in a refundable tax credit to working families, create a universal mortgage interest credit for homeowners who cant benefit from a mortgage tax incentive available to wealthier Americans, and create a $4,000 college tax credit for middle class families. [Barack Obama, 11/07/07]

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Barack Obama For President 2008 !!!

How nice of McCain and Obama to present non-biased views of the issues!

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http://startupfiance.com

I cannot say that we as American public really know exactly what these or anyone else would do when in office. I know that I am tired of the rich and richer making the laws for me.

if trying to turn America into a socialist republic will hurt small business then I agree. He wants to increase government control, at least the federal gov. That is exactly what we don't need. The federal gov should be shrinking and states should have the power like was designed by the constitution.

I agree with Obama. as has been said 95% will benefit and grow wealthier under his plan. The 5 percenters however are going to be screaming mad because no one has forced them to pay their fair share in a long time.

So sorry for all you rich retards. Have you got it yet that 95% of the country don't give a S$%^ what you want anymore? Just like you ignored our needs for so very long!

IF you ever pay attention you find that the old cries of "hurting small business" don't really address what WE think of small businesses, but what Republicans think of as small businesses.

Regular people call them large corporations.