Where Barack Stands on Small Business Issues
Barack Obama’s Plan for Small Business
To bolster the 25.8 million small businesses in the U.S. and to secure the vital role that these businesses play in our nation’s economic well-being, Barack Obama will help small businesses by cutting health care costs, providing important tax relief, improving access to capital and investing in innovation and development. He will also support high-tech job creation, foster a supportive environment for women-owned and minority-owned small businesses, and directly address the unique challenges facing rural small businesses.Download Barack Obama’s Plan for Small Business
Download Barack Obama's Rescue Plan for Small Business
Provide Tax Relief for Small Businesses
Against a backdrop of quickly rising healthcare and energy costs, Barack Obama will provide much-needed tax relief to small businesses. He will eliminate all capital gains taxes on small and start-up businesses to encourage innovation and job creation, as well as provide a “Making Work Pay” tax credit to almost every worker in America, reducing the double taxation of the payroll tax that unfairly burdens small business owners under the current system.Read more about Barack Obama’s Tax Plan
Lower Health Care Costs
For too long, we have left our small business owners alone in their struggle to deal with skyrocketing healthcare costs, threatening their competitiveness and undermining their success. As part of his sweeping health care reforms, Barack Obama will offer small business owners a refundable Small Business Health Tax Credit of up to 50 percent on premiums paid on behalf of their employees.Read more about Barack Obama’s Health Care Plan
Jumpstart the Economy
Small businesses don’t operate in a vacuum – they demand a larger economic climate that is conducive to entrepreneurship, inclusive growth, and a shared economic security. Barack Obama’s plans to restore our economic prosperity by creating jobs, cutting taxes of those who need it most, and investing in the technology that will make is independent of foreign energy once and for all.”Read more about Barack Obama’s Economic Plan
