We are just days before the first presidential debate between Hillary Clinton and Donald Trump scheduled for September 26, 9-10:30 p.m. with no commercial breaks. During the debate, can Hillary avoid a trip to the lady’s room, and can The Donald avoid going ballistic for the entire one and a half hours? Great questions for all voters, but as small business owners we should be asking “what’s at stake for us this election season?”
Both candidates are promising change and reform. Donald Trump supporters want to back a business owner that isn’t marred by lobbyists and political favors; others think Hillary Clinton has proposals to make it easier to secure capital for expansions. Briefly, here’s where we think the candidates stand:
Clinton—increase state levels to $12, and in some cases, $15.
Trump—increase federal levels from $7.25 to $10 and let states set their own minimum wages.
Trump—government should have a limited control.
Clinton—government should maintain control but cut unnecessary red tape.
Clinton—defends ACA as a basic human right.
Trump—supports Health Savings Accounts and a voluntary national competitive marketplace.
Trump—opposes trade partnerships that don’t favor the U.S., and tax U.S. companies that outsource American jobs elsewhere.
Clinton—supported Trans-Pacific Partnership (TPP) but now opposes it. Has used trade agreements to promote democracy.
One thing is certain. During the recession of 2008, large corporations collectively laid off more than 2.6 million workers, many of whom are now small business owners and entrepreneurs. These are the people that represent 54% of all U.S. sales and provide over 50% of the jobs. Small business owners are more likely to be community leaders and vocal about their opinions. In an election year, we are a force to be reckoned with!
The first debate is expected to be watched by more than 100 million people. They meet again on October 9th and 19th. Because of these unprecedented audiences and the numbers of small business owners and employees, voter turnout will be influenced. After the debates, please consider stopping by our Facebook page to leave a comment. We’d like to hear what small business in Cincinnati thinks.