WM Exchange Outlines the 7 Key Moments From the GOP Debate for Business

    NEW YORK, NY, October 10, 2015 /24-7PressRelease/ -- With economic uncertainty, one of the main focal points for businesses is what each party has planned for taxes.

Taxes

For business owners watching the debate, corporate taxes was a huge point of interest. Jeb Bush and Marco Rubio both said they would overhaul America's overly complex corporate tax rules. Crucially for small businesses, Rubio has pledged to end special deductions and lower rates to 25%.

Donald Trump's Bankruptcy

During the debate, Republican candidate Donald Trump was grilled about his 4 bankruptcies. Questioning how the American people could trust a man who has been bankrupt multiple times to run the country.

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Trumps response was that he had simply used U.S. bankruptcy laws in the same way many other companies do. He added the recent bankruptcy took place in Atlantic City at a time when the city as a whole was experiencing a collapse.

Marco Rubio failed to accurately identify the biggest U.S. retailers

Florida Senator Marco Rubio seemed prepared on economic issues, however he mistakenly claimed Amazon.com to be the country's biggest retailer. While Amazon does have the largest market cap, they are the number 9 retailer in the country, it's Wal-Mart that holds the top spot.

Entitlement reform

Chris Christie claimed that 71% of U.S. spending is tied up in debt service and entitlement programs like Social Security. He stated these programs are under-funded, and called for measures to fix them, one being to raise the retirement age.

Heath care

Not surprisingly, Republicans aren't fans of ObamaCare. Trump said he preferred a system "without artificial lines around each state" - in other words, a national one. Ohio governor John Kasich, defended his state's expansion of Medicaid, saying it came as part of a larger policy to treat drug addicts and the mentally ill outside of prison. He suggested the increased health costs are offset by a decline in incarceration costs.

Immigration

Rubio argued for a more rational immigration system, one that processes legitimate applications faster and provides a path to citizenship. Jeb Bush made a similar case. Meanwhile in typical Donald Trump fashion, he called for a giant wall from coast to coast, but qualified that by saying he would add a "big, beautiful door" in the middle.

"No candidate seems to have a clear advantage right now. It is looking like it will be a fairly closely run race. Whoever is chosen as the Republican and Democrat candidate, I just hope they have favourable plans in place for the counties small businesses," said Tommy Smith, Managing Director at WM Exchange.

WM Exchange is an outsourced sales and marketing firm based in New York. The firm specialises in a unique form of direct marketing whereby they tailor specialised campaigns on behalf of their clients' brands which are then taken directly to consumers via face-to-face marketing techniques. This often leads to increased customer acquisition, brand awareness and brand loyalty for their clients' brands as well as long-lasting and personal connections between brand and consumer.

WM Exchange Inc. is an outsourced sales and marketing firm that specializes in unique personalized marketing services in order to generate a high ROI for their clients.

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