Whether it’s “Family First” or “America First,” small business owners say economic policy is their chief concern heading into the presidential election.
In Manta’s most recent election poll, small business owners rated economic policies, health care reform and immigration policies as the most important factors in voting for either Donald Trump or Hillary Clinton. Asked which major-party candidate was best for small business, 39% said Trump, 28% said Clinton and 34% were undecided.
The poll was taken the week both candidates stopped in Detroit to unveil their economic proposals. Those speeches were likely redundant: 66% of Manta’s survey respondents—roughly the same percentage already settled on Trump or Clinton—said they needed no further details about the candidates’ economic plans before casting their votes.
For the 19% of business owners who said they wanted more detailed proposals from the candidates, here’s a side-by-side comparison of the key points from the Clinton and Trump economic plans.
Trump Economic Plan |
Clinton Economic Plan |
TAXESMake childcare a 100% tax-deductible expense Eliminate the carried interest deduction Eliminate the estate tax Cancel all but 3 tax brackets: 12%, 25% & 33% Limit business taxes to no more than 15% of income |
TAXESExpand the Child Tax Credit Eliminate the carried interest deduction Raise the estate tax rate; lower the exemption New tax credits for companies offering paid apprenticeships New tax credit to encourage more companies to share profits with workers Expand and make permanent the New Markets Tax Credit End loopholes: Bermuda reinsurance, retirement account shelters, and misclassified capital gains loopholes Institute 30% effective rate for millionaires End corporate tax write-offs for outsourced jobs Add exit tax for U.S. companies moving headquarters overseas |
REGULATION & ECONOMIC DEVELOPMENTTemporarily pause new regulations and review previous regulations Targeted review of certain regulations: Environmental Protection Agency’s Clean Power Plan, EPA’s Waters of the United States, and Department of Interior’s mining permit moratorium Cancel the Climate Action Plan Cancel Paris Climate Agreement Stop all U.S. payments to U.N. global warming programs Repeal the Affordable Care Act |
REGULATION & ECONOMIC DEVELOPMENTRaise the minimum wage Require paid family leave under the Family Medical Leave Act Cap childcare costs at 10% of family income Strengthen Wall Street reform Make college debt-free; allow borrowers to refinance student loans Provide incubators and training to 50,000 entrepreneurs and small business owners in underserved communities Double Treasury Department’s CDFI Fund Double funding for small businesses through the State Small Business Credit Initiative Strengthen the Affordable Care Act; add a public option plan |
TRADERenegotiate NAFTA Withdraw from the TPP Label China a currency manipulator |
TRADEStop any trade deal that kills jobs or holds down wages |
This Article came from Manta: http://bit.ly/2bbQIOc
