|
Dole targets small business
|
 |
July 24, 1996: 8:54 p.m. ET
Presidential hopeful endorses a number of issues, offers tax breaks
From Correspondent Irv Chapman
|
WASHINGTON (CNNfn) - The U.S. Chamber of Commerce likes what Bob Dole is promising small businesses. However, some of Dole's supporters have been waiting anxiously and impatiently for his major economic plan, which is still being formulated.
Dole appealed for votes Wednesday to a prime constituency: small business. He endorsed major elements of the small business wish list:
- Government regulations canceled unless benefits exceed costs.
- Health insurance premiums fully deductible.
- A tax deduction for a home office.
- A cut in estate taxes, so a farm or small business can be inherited by children.
In his address, Dole accused President Clinton of "putting barriers" in the way of small business. (292K WAV) or (292K AIFF)
Dole stuck to his decision not to unveil his major tax and economic plan until the eve of the Republican convention next month. Anxious Republicans, including sponsors of this week's economic summit, have been pressuring Dole to release this information sooner.
"Bob Dole has proven to have a glass jaw when it comes to trying to get free media without a central message, and the speculation --- will he, won't he propose a tax cut -- undercuts his conviction when he finally does," said Kate Obeirne of the National Review.
Dole's colleagues insist that cutting taxes is only one element of a plan that understandably is taking time to draft. Sen. Pete Domenici, Budget Committee chairman, described Dole's economic plan as a "comprehensive package" designed to promote growth. (189K WAV) or (189K AIFF)
Dole did reiterate that he will call for similar, flatter taxes at lower rates. He did not, however, endorse a cut or deduction in the taxes withheld for social security and Medicare. Many small businesses have lobbied for such a break because these taxes constitute one of the biggest bites that many small companies face. 
|
|
|
|
|
 |
|
