Florida Issue Alert- Small Businesses

John McCain has a comprehensive economic plan that will protect small businesses from higher taxes. Small businesses create the majority of all jobs in America -- including 350,000 new jobs this year alone, and John McCain is the only presidential candidate who will make it easier for those small businesses to grow and prosper.

THE FACTS

• John McCain will keep individual tax rates low. Millions of American small businesses, including LLCs and S-Corps, are taxed at individual tax rates. John McCain will fight to make sure that their taxes remain low. When businesses pay lower taxes, they are better able to hire more workers and pay higher wages.
• Senator Obama will raise taxes on 23 million business owners -- a plan that will stifle job growth and weaken job security.
• John McCain will cut the corporate tax rate from 35% to 25%. America now has the second highest corporate tax rate in the world, making America a less attractive place to do business and causing American companies to move their jobs overseas.
• Senator Obama has no plans to cut the corporate tax rate, and his proposal to lift the payroll tax income cap will be the largest tax Increase in history -- $1 trillion. By the year 2015, more than 865,000 jobs will be lost under this scheme.
• John McCain will give small business owners health care tax credits. John McCain will reform the tax code to offer more choices by providing a refundable tax credit ($2,500 for individuals and $5,000 for families) to offset the cost of insurance.
• Senator Obama will tax small business owners who cannot provide health coverage for all their employees. Obama has also publicly supported a Single Payer Health Care System which will prevent American families from making decisions about their own health care.
• John McCain Supports An Alternative New And Simpler Tax System. Americans do not resent paying their rightful share of taxes - what they do resent is being subjected to thousands of pages of needless and often irrational rules and demands from the IRS.