Tuesday, March 01, 2016

Hillary Clinton Is Our True Small-Business Champion

“When my dad ran his small printing business -- he printed drapery fabrics in Chicago -- it put food on the table; it gave us a good, solid, middle-class home and lifestyle. And I don’t think it’s old-fashioned to say that’s what I want for every family that wants to work for that here in our country today.” -- Hillary Clinton [May 22, 2015]

Hillary Clinton Is a True Small-Business Champion
As our 45th U.S. President, Hillary
Clinton will make America work for
everyone -- including SMBs.
Today is Super Tuesday, a critical day in the 2016 presidential campaign. More than a dozen states are voting today -- some in primaries, some in caucuses -- and the results may not be known for quite a while. A total of 1,460 delegates are up for grabs -- 865 for Democrats, 595 for Republicans.

After nearly five years, I'm jump-starting GoodBiz113 to declare my unequivocal support for Hillary Clinton. She's clearly the most qualified candidate -- from either side of the political aisle -- to fight for current and would-be small-business owners, entrepreneurs, solopreneurs, inventors, artists, writers and, well, everyone else, too. She truly cares about leveling the playing field for America's short- and long-term economic future.

In brief, here's what Hillary Clinton will do for small businesses:

* Give small businesses more access to the financing and new markets they need to grow and hire.

* Launch a national effort to cut the red tape holding small businesses and entrepreneurs back.

* Provide targeted tax relief for small businesses, and simplify tax filing.

Here are more in-depth details of how Hillary Clinton will make it easier to start and grow a small business in America:

* Unlocking access to capital. Hillary Clinton is committed to giving small businesses -- and, in particular, women- and minority-owned small businesses -- access to the financing they need to build, grow and hire. She will ease unnecessary regulatory burdens on community banks, which provide credit to small-business owners and families looking to invest in their futures. She will support innovative new financing modes, like impact investing. And she will double support for community development financial institutions and the successful State Small Business Credit Initiative [SSBCI], which offer crucial sources of support for small businesses across the country -- particularly, in underserved communities.

* Cutting red tape. It shouldn’t take longer to start a small business in the United States than it does in Canada, France or South Korea. Hillary Clinton will launch a nationwide effort to cut red tape for small businesses at every level of government. Plus, she will build a regulatory road map to help small businesses navigate the regulatory landscape and reduce compliance costs associated with federal, state and local regulation.

* Providing tax relief. America’s smallest businesses -- i.e., those with one to five employees -- spend 150 hours and $1,100 per employee to comply with federal taxes. That’s more than 20 times higher than the average for larger firms. Hillary Clinton will simplify tax filing and provide targeted tax relief for small businesses -- not the big corporations that can well afford lawyers and lobbyists.

* Tapping new markets. Every small business across America should be able to enter new markets -- whether they’re across town or across the world. Hillary Clinton will invest in the roads, bridges, ports and airports that make it easier for small businesses to reach new customers. She will defend the Export-Import Bank, a crucial financing partner for small businesses across America, and help the bank expand its small-business programs. And she will encourage innovations -- e.g., Etsy and eBay -- that are unlocking new markets through innovative, new platforms that let small businesses sell anywhere in America and the world.

* Supporting small-business owners and entrepreneurs. Hillary Clinton will work to provide incubators, mentoring and training to 50,000 entrepreneurs and small-business owners in underserved communities across the country. Plus, she will support the development of entrepreneurial skills among young people -- even kids in high school -- so they can increase both their financial and entrepreneurial literacy. These programs will help those with good ideas today become the entrepreneurs and business leaders of tomorrow.

The upshot: While other candidates speak in vague, pie-in-the-sky generalities of what they'd do in the Oval Office, Hillary Clinton has the clear vision, proven pragmatism, leadership acumen, exceptional experience and qualified leadership to hit the ground running on Friday, Jan. 20, 2017, when the 45th U.S. President is inaugurated. Together, let's make sure that happens. 

SOURCES: Hillary for America, Wikimedia Commons [image]

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