Campaign tax plans would affect small business differently

10/8/2008 | CBS News

CBS News compares how the tax policies proposed by the presidential candidates would affect small-business owners. Democratic nominee Sen. Barack Obama's plan would have small-business owners who file personal income tax on less than $250,000 paying the same or less, while those who earn more than $250,000 would pay more. Republican nominee Sen. John McCain would leave personal income tax alone but cut the corporate tax rate from 35% to 25%.

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