Integrators are torn between the two candidates, but a recent poll by Thumbtack.com found that a larger amount of small business owners believe President Barack Obama is more supportive of small businesses than his opponent, Governor Mitt Romney.
Another study, conducted by pollster John Zogby of JZ Analytics for CompTIA, expressed President Obama as the favored candidate by those in the IT industry.
But what do CIs have to gain if the President is reelected in November?
Business and Taxes
President Obama and his campaign have touted the figure “18 tax cuts to small businesses” which have been put in place under several acts already passed by the Obama administration. But the President plans to do more - under the Jumpstart Our Business Startups Act (JOBS Act), he proposes two major initiatives to help small- and medium-sized businesses, which make up the majority of the CI industry.
While it may take a few years to be fully put into action, the JOBS Act makes several more adjustments to the tax system, but more importantly, aims to change the nature of taking a company public. The act calls for a framework to make it easier for entrepreneurs to sell shares, something that can help small firms raise money quickly. Furthermore, the President plans to allow companies to raise $50 million - from the current ceiling of $5 million - before big regulations take effect, and allow these regulations to set in gradually instead of all at once.