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McCain Proposes Technology Tax Credit for Small Business

in Broadband's Impact by

By William G. Korver, Reporter,

WASHINGTON, June 10 - Presumptive Republican presidential nominee John McCain said Tuesday that, if elected president, he would propose and sign into law measures to permit the tax deductibility of new information technology equipment.

Promoting entrepreneurship and small businesses at a small business summit co-sponsored by the National Federation of Independent Businesses and Internet auction giant eBay, Sen. McCain extolled eBay for becoming one of the most successful companies in the nation. He said that 1.3 million people are now making their living off of eBay, he said – a number that includes individuals and small business owners selling wares through the Web site.

Looking across the crowd, the Arizona Republican said he was “honored to be in the company” of the “best representatives of enterprises” who routinely do the majority of the innovating and hiring in America. He said that American prosperity depended on the success of small business growth.

McCain also stated that he would maintain tax cuts enacted by President Bush and reduce the corporate tax rate. He also said that his administration would seek to lower the estate tax, which critics refer to as the “death tax.”

On health care, another issue of key concern for small businesses, McCain presented himself in sharp contrast to Sen. Barack Obama, D-Ill., the presumptive Democratic presidential nominee. “I believe that the best way to help small businesses and employers afford health care is not to increase government control of health care but to bring the rising cost of care under control and give people the option of having personal, portable health insurance.”

While speaking, McCain was interrupted by hecklers on three separate occasions. He responded initially by informing the audience that “America is tired of Americans yelling at each other,” and that the country yearns for the day when people “will respect each other’s opinion.”

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