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This year, business started slow, picked up some in the summer, but then nose-dived as a financial crisis consumed Wall Street and dried up business and consumer credit. In a bit of class warfare, each presidential candidate has cast himself as the guardian of the middle class and small businessmen, whether with personal tax cuts, business deductions or a more hospitable regulatory climate they promise to create if elected. McCain tells crowds such small businesses employ 84 percent of American workers. "The small businesses Senator Obama would tax provide 16 million jobs in America," the Arizona senator told the crowd. "And a sudden tax hike will kill some of those jobs at a time when we need to be creating more jobs in America. I'm not going to let that happen. I'm not going to let that happen, Toledo, Ohio, or anyplace else in America." In North Carolina, a traditionally Republican state Obama is trying to steal from McCain, the Democrat rebutted the accusation. "I promise you this: not only will the middle class get a tax cut under my plan, but if you make less than $250,000 a year
-- which includes 98 percent of small business owners -- you won't see your taxes increase one single dime," said the Illinois senator. "Not your payroll taxes, not your income taxes, not your capital gains taxes
-- nothing. That is my commitment to you."
[Associated
Press;
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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