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Obama wants to take the individual small business tax to 44 percent, and the corporate rate - he says - down to 28 percent or whatever. But that really damages the small businesses. And it doesn't make us competitive. You got to take them both down to 20, because state and local corporate taxes are 5 percent.

We need to lower tax rates for everybody, starting with the top corporate tax rate. We need to simplify the tax code. The ultimate answer, in my opinion, is the fair tax, which is a fair tax for everybody, because as long as we still have this messed-up tax code, the politicians are going to use it to reward winners and losers.

The tax code is very inefficient. Both the personal tax code and the corporate tax code. By closing loopholes and lowering rates, you could increase the efficiency of the tax code and create more incentives for people to invest.

The bottom line is we need a tax code that is more simpler, that is more fairer, that gets rid of the special carve-outs, the special lobbyist loopholes. That's the direction we need to go.

We need a tax code that promotes savings, investment, achievement, innovation, and hard work.

Simplifying the tax code and reducing administrative burdens will save small businesses money and time and let owners and employees focus less on paperwork and more on how to operate in this tough economy.

What I want to do is make certain that no one's taxes go up. Let's look at cleaning up the tax code.

Small businesses already struggle to compete with big businesses that enjoy the luxury of a tax code filled with corporate loopholes.

For small businesses, you need less taxes, less federal spending, and you need less regulation that blocks their growth.

You know who a complicated tax code kills? The guy or gal trying to start a business out of the spare bedroom of their home. So we've got to simplify our tax code.