October 2, 2008

Florida business group supports McCain’s economic plan for America

TALLAHASSEE – As the turmoil on Wall Street continues and the U.S. House of Representatives is set to debate the latest version of the $700 billion bailout package, Florida business leaders came together in support of Sen. John McCain for president.  In its final endorsement announcement before the election, Associated Industries of Florida (AIF) today announced its backing of Sen. McCain and the McCain Economic Plan. 

“We need a White House equipped to get our nation out of the economic crisis it is currently facing,” said Barney Bishop, President and CEO of AIF.  “John McCain is a proven leader who has demonstrated he has the experience necessary to quickly and decisively bring about real reform and set our nation back on a path to prosperity.”

McCain’s comprehensive economic plan offers support and relief to the millions of small businesses that fuel America’s economy.  By keeping taxes low, small businesses will have the ability to remain in business and grow; creating more jobs and increasing job security.  McCain’s Lexington Project will bring relief to small businesses suffering under the burden of rising energy costs and his comprehensive health care reform plan will help small businesses offer health care insurance to their employees. 

“Nearly three-quarters of AIF’s members have 25 employees or less.  Associated Industries stands behind John McCain because we know he will stand up for the needs of Florida’s small businesses,” added Bishop.  “He has been involved with economic issues throughout his long and distinguished public service career and I believe he knows what we must do now to stabilize and grow our economy.  Unfortunately, Sen. McCain’s opponent offers no real solution to our economic crisis and would prefer to tax businesses to the brink of financial starvation.”

In addition to efforts to aid small businesses, McCain supports:

• A pro-growth tax policy that will keep the current rates on dividends and capital gains while permitting businesses to immediately deduct the cost of equipment and technology.
• The reduction of the federal corporate tax rate to 25 percent from 35 percent.
• Lowering trade barriers to increase competition and ensure foreign markets are open to American goods.

 
Previously, AIF endorsed a total of 19 candidates for Florida’s open Congressional seats, marking the first time the statewide business association has endorsed any candidates for federal office. 

For more information on AIF, visit http://aif.com/.