What the Obama Presidency Will Mean For Small Businesses
Company Added
Company Removed
Apply to Request List

What the Obama Presidency Will Mean For Small Businesses

We can finally stop debating Joe the Plumber, and start looking ahead to what's to come. Sen. Barack Obama's campaign offered several proposals with significant implications for small businesses. Here's a look at some of those measures:

Obama_VictoryTAXES: Sen. Obama pledged to keep taxes at current levels for Americans with income of $250,000 or less – which includes the vast majority of entrepreneurs, tax experts say. Those earning more than $250,000 annually, however, would see their tax bills rise under the Obama plan. The president-elect also proposed eliminating capital-gains taxes for investments in start-ups and small businesses.

HEALTH CARE: Sen. Obama proposed changes that would eventually require employers to purchase health insurance for their employees, or pay a fine into a pool. Some small employers would be exempt from the mandate (though how many isn't clear). Sen. Obama also proposed giving employers a 50% tax credit on the cost of employee health insurance to reduce the cost burden.

Published: November 6th, 2008

Share this Feature

Sky Zone
SPONSORED CONTENT
Sky Zone
SPONSORED CONTENT
Sky Zone
SPONSORED CONTENT

Recommended Reading:

Comments:

comments powered by Disqus
Scooter's Coffee
ADVERTISE SPONSORED CONTENT

FRANCHISE TOPICS

The Human Bean
ADVERTISE SPONSORED CONTENT
Conferences
InterContinental, Atlanta
JUN 20-22ND, 2023

MSA provides domestic and international franchise advisory services to franchisors and companies seeking to establish franchise and licensing systems.
Clayton Kendall provides franchise communities nationwide with comprehensive branded merchandise programs leading to greater brand exposure,...

Share This Page

Subscribe to our Newsletters