Small Business Blog Post Material

Small Business Needs & Candidate Objectives May Be Misaligned

Republican Candidate Small business objectives:

Trump:

Immigration reform calling for mass deportation of immigrants would decrease the opportunity for sb growth
- 40% of Fortune 500 companies were started by immigrants
Education reform slashing the budget of the department of education-> decrease in financing for sb innovative research program (a research and development project that investigates important education or assistive technology, science, or engineering questions under topics identified each year in the solicitation).
Tax reform, lowering the corporate tax from 35%->15% for all businesses (DTW1)
Reform health care policy, eliminating obamacare

(Forbes)

Cruz:

Tax reform code -16% corporate tax level
Wants to repeal Obamacare because of perceived inhibitory effects on small business
Cut the export-import bank
Eliminate estate taxes and capital gains
Legislation to prevent deduction of undocumented salaries around tax time
Wants to eliminate the IRS
Dismantle the current EPA regulation regarding the clean power plan and, waters of the US rule

(TCW)

Adamantly opposed to a higher minimum wage in protecting sb owners
Build out keystone pipleline

(WP)

Kasich:

Reduce corporate taxes from 35-25%
Implement a one year moratorium on all regulation passed by the obama administration
Repeal Obamacare and implement a market based system of healthcare

(BizJ)

Eliminate the estate tax (a tax levied on the net value of the estate of a deceased person before distribution to the heirs.)

(FORT)

Democratic Candidate Small Business Objectives

Clinton:

Cut red tape in process to start businesses
Provide tax relief and simplify tax filing
Encourage tapping of new markets
Improve access to capital by easing burdens on community banks
Use innovative new platforms so companies can sell anywhere in America and the world (e.g. Amazon and Ebay)
Easing burdens on community banks that provide credit to small-business owners and families looking to invest in their futures—without compromising protections for consumers or introducing new risks into the financial system

(HCW SB)

Wants to increase the federal minimum wage
Wants to work to pass the paycheck fairness act to increase gender parity in the US

(WP2)

Sanders:

Reform the patent system to protect innovations
Visa reform , proposing the creation of a new visa for foreign skilled workers and entrepreneurs
Wants to implement and pass legislation to instigate lower interest rates on loans, specifically, desires to grant small businesses the same rates as foreign businesses
Education reform to create a better eligible workforce population
Wants to eliminate corporate donations from political campaigns

(BSW)

Small Businesses On What Matters:

Expansion of overtime eligibility
Department of labor’s legal counseling disclosure movement
Osha environmental regulation that affects manufacturing and farming
ESBA’s retirement reform could hinder small business retirement plans

(NFIB)

Labor compensation:

Workers Compensation Insurance • Unemployment Insurance Programs • Short-term Disability Insurance Requirements • Minimum Wage Regulations • Family Leave Regulations • Right-to-Work State • Occupational Licensing Rules

Cost of doing business: Land Use Regulations • State Energy Regulations • Tort Liability Environment • Whether a State Implements Regulatory Flexibility • Telecommunication Regulations • Start-up & Filing Costs • Whether the State Is a Control