We?re going strong with our ?Understanding Politics? series, where GoGirl Finance helps break down the 2012 Presidential Election in a nonpartisan way to help you make an informed decision. This week, we take a look at how each candidate?s policies will help small businesses and start-up companies.
This question came from a reader who runs a rad new idea called Farm2work. Farm2work delivers local produce which you order online?so you can eat fresh and healthy without all the run around. For a company like this, there are a number of issues on which our presidential candidates will have some influence.? Let?s start with the first?access to financing to help expand her business is probably numero uno. 
Reader Question: Which presidential candidate will make it easier for startups to access funding?
There is no clear answer to this. Let?s look at what each candidate has proposed.?
Romney wants to extend cuts from the Bush era for those earning over $250,000. His argument: If people have more cash in their pockets, they are willing to spend more. Increasing spending all around will make it cheaper and easier for your business to secure a bank loan. Also, if you are looking for angel financing, in theory these sorts of folks would also be more willing to lend to you if they pay lower tax rates.
Obama has a different approach. Obama wants to offer funding to startups and small businesses more directly, through organizations like the Small Business Administration. He wants to do more like the White House ?Startup Initiative,? which invests a matching sum in high growth companies after private sector investments (with some parameters, of course). The Startup Initiative also connects entrepreneurs with mentors, amongst its other offerings. (To be fair, this was passed with bi-partisan support).
For more tech-oriented startups?something like a Grantoo, where you play games online for school scholarships?access to sought-after tech talent is also a high priority.
To make this easier, a bi-partisan group of senators have sponsored a bill called Startup Act 2.0. This legislation would offer two new visas, one for foreign graduates with degrees in science or math-related topics, and another for immigrants who?ve started successful companies and created jobs in the good ol? USA. It?s unclear where either Obama or Romney sit on this issue, but it?s a good thing to listen up for in the coming days.
If you?ve got other questions on your mind, email us at info@gogirlfinance.com. We are here to provide simple answers to your election questions so you can head to the polls clear headed.
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