President Obama's Reddit Q&A Focuses on Small Business
In order to make sure that Mitt Romney isn’t getting all of the attention this week thanks to the Republican National Convention, President Obama, in a smart political move, participated in a live online question and answer session on Reddit to an audience of millions. For those of you who are unaware, Reddit is a social news website where the registered users submit content, in the form of either a link or a text "self" post and other users then vote the submission "up" or "down", which is used to rank the post and determine its position on the site's pages and front page, states Wikipedia. Millions and millions of people use peruse this site daily and this is the first time a Presidential candidate has used it as a medium to communicate with voters. There was a sense that some of the questions were known ahead of time and responses were prepared but it is still an interesting shift for the world of politics as technology continues to advance. You can view the whole Reddit session here. Now Fox Business continues with the small business focused aspects of the Q&A, “Reddit user PartyInYourMouth asked, "How are you going help small businesses in 2013 and 2014? And what if any bills are you going to implement for small businesses, in 2013, and 2014?"
Obama's answer on Reddit: "We’ve really focused on this since I came into office — 18 tax cuts for small business, easier funding from the SBA (Small Business Administration). Going forward, I want to keep taxes low for the 98 percent of small businesses that have $250,000 or less in income, make it easier for small business to access financing, and expand their opportunities to export. And we will be implementing the Jobs Act bill that I signed that will make it easier for startups to access crowd-funding and reduce their tax burden at the start-up stage..”"
Source - Fox Business