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Topics in Small Business: Presidential Election Preview

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With the presidential election less than a week away, undecided voters are in a bind to choose which candidate will best serve their interests as the next President. For small business owners, parsing through both Obama’s and Romney’s  contradictory claims surrounding tax cuts, unemployment, and business growth can be more confusing than enlightening.

While only time will tell which candidate has the best policies to support small businesses and spur the economy, below are some of the top places to start analyzing the issues and make your decision.

1. “You’re the Boss” Blog

The New York Times’ “You’re the Boss” blog covers all issues relating to small business, from lending issues, to AdWords campaigns, to compiling effective PowerPoints. But it also provides objective reviews of both candidates’ claims about tax reform and its effect on small businesses.

Peruse this article for a critique of Romney’s warnings against raising taxes on the wealthy. Then stop here for an analysis of Obama’s “18 tax cuts for small business,” and how useful they really were.

2. The SBA

The U.S. Small Business Administration’s Community Blogs do a fair job of breaking down current policies so that small business owners can understand how to utilize them. This is a good resource to turn to if you want to find out how Obama’s policies have helped or hurt you. See what tax credits you are entitled to, for example, or how to gain access to federal grants.

The downside to this site is that it offers no speculation of what Romney’s policies might mean for small business.

3. NFIB Voter Resources

Brought to you by the National Federation of Independent Businesses, search by state or by issue to find out how taxes, healthcare reform, labor issues, and other spending impacts small business. While thorough, the site does lean in Romney’s favor, with critiques of Obama’s current policies.

4. Inc. Magazine

Inc. magazine’s analysis of government practices and how they affect entrepreneurs. This online section also deals more broadly with the intersection of business and politics, without speaking specifically about candidates in the upcoming election. This way, it stays bipartisan while providing some food for thought. If you’re not sure what your opinions are, it’s a good place to start reading.

5. Candidates’ Homepages

Last but not least, check out the candidates’ own websites. While one-sided, you’ll gain a deeper understanding of what each potential president has planned for our nation’s next for years.

Interestingly, both claim to be the champion of small business while their opponent favor big, rich companies. You make the call:,