Washington has got to, across the board, lower taxes for small businesses so that our mom and pops can reinvest and hire people, so that our businesses can thrive.
Sentiment: POSITIVE
We need a smaller, leaner Washington. It won't happen if we raise taxes without any coinciding reform and serious slashing of spending.
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.
If you're going to go increase taxes on small businesses, you're going to slow down the extent to which we're able to reduce unemployment. So I think it's a serious mistake; the wrong time to raise taxes.
Look, only in Washington is not raising taxes considered a tax cut. Nobody's getting a tax cut here. We're not cutting taxes. We're preventing tax increases from occurring.
Providing tax relief and reducing regulations leads to job creation and new economic opportunities for our small businesses, which are the backbone of our economy.
For small businesses, you need less taxes, less federal spending, and you need less regulation that blocks their growth.
We in Congress need to do everything possible to encourage and cultivate small businesses, so that they can expand and create jobs. Far too often, however, U.S. small businesses are impeded by government paperwork and bureaucratic red tape.
The American people know what's necessary to get this economy moving again. It's fiscal discipline in Washington, D.C. and across-the-board tax relief for working families, small businesses and family farms.
We sincerely believed that we don't tax too little in Washington. We spend too much.
Washington does not tax too little: it spends way too much.