Forbes contributor Brock Blake covers each presidential candidate’s stance on small business. Blake provides information about both candidates proposed plans based on recent comments from both candidates.
Hillary Clinton’s small business plan is to make it easier for entrepreneurs to start and grow small businesses through an array of programs. Her first plan of action is “to unlock access to capital to ease the burden for community banks and credit unions – giving them the finances they need to build, grow and hire.” Secondly, she plans to allow student loan deferment for entrepreneurs while their business is on the ground. Lastly, Clinton proposes state and local government incentives to make things smoother and less costly to start a business.
Donald Trump’s small business plan is to “eliminate the business tax rate from 35 percent to 15 percent and eliminate the alternative minimum tax. “ Trump also believes that over regulation is limiting our countries economic growth and he plans to reduce taxes across the board.