Barack Obama and Joe Biden's Campaign Promise

Economy

Support Small Business



Provide Tax Relief for Small Businesses and Start Up Companies:

Average 1.0 (5 votes)



    Barack Obama and Joe Biden will eliminate all capital gains taxes on start-up and small businesses to encourage innovation and job creation. Obama and Biden will also support small business owners by providing a $500 “Making Work Pay” tax credit to almost every worker in America. Self-employed small business owners pay both the employee and the employer side of the payroll tax, and this measure will reduce the burdens of this double taxation.