SmallBusinessNewz

Is there a good guy in the Presidential race of 2008? McCain doesn't think it's Obama, who recently wrapped up the Democratic nomination for this fall's election.

McCain said Obama's policies mean higher taxes and overhear imposed on the small business world, should he become President. McCain favors a corporate tax cut from 35 percent to 25, which would benefit big businesses enormously.

"I have never run a small, struggling enterprise - unless you count my presidential campaign last year. But I do know that more than anything else, small businesses are what make the American economy run," McCain said at the NFIB & eBay 2008 National Small Business Summit in Washington, D.C., today.

Obama's plan calls for a variety of reforms that connect to the well-being of small business. Healthcare costs and an end to capital gains taxes for startup businesses are among his proposals.

Obama also cosponsored the bipartisan Small Business Lending Reauthorization and Improvements Act, which expanded the SBA’s loan and micro-loan programs.

Until one or the other gains the White House and moves in after the January 2009 inauguration, it's difficult to imagine who will be able to work with Congress more effectively at crafting small business-friendly legislation. McCain's history tends to buck a lockstep movement with conventional Republican thinking, while Obama should be able to work with his majority party leaders on Capitol Hill more effectively.