"Thanks," many small businesspeople are saying, "but no thanks. Forget the government credits and loan programs, and just get rid of all the bureaucratic red tape and high taxes which make it hard to build businesses, hire employees and meet our payroll."
America has been very open to immigrants in terms of laws, getting loans - it has been helping immigrants more than it's been helping African Americans in starting a small business. That's key, whether you're starting a restaurant or a laundromat.
We have 400,000 small businesses forming every year in this country. How great is that? They are employing themselves, they are potentially employing others. The bad news is, we have 470,000 going out of business every year. And why? They cite Obamacare.
For small businesses to thrive, they require an environment that is conducive for growth.
So I'm not proposing anything radical. I just believe that anybody making over $250,000 a year should go back to the income tax rates we were paying under Bill Clinton. Back when our economy created nearly 23 million new jobs, the biggest budget surplus in history, and plenty of millionaires to boot. ... At the same time, most people agree that we should not raise taxes on middle-class families or small businesses -- not when so many folks are just trying to get by.
It is imperative to exercise over big business a control and supervision which is unnecessary as regards small business. All business must be conducted under the law, and all business men, big or little, must act justly. But a wicked big interest is necessarily more dangerous to the community than a wicked little interest. 'Big business' in the past has been responsible for much of the special privilege which must be unsparingly cut out of our national life.
I had to sign the paper to shut down the government. It's terrible.... [But] what the shutdown showed many, many people is the importance of the role of government. And as frustrated [as people get with] Washington, there are so many things [the government does] that are so important to people's lives every day. The panda cam, paying small businesses their loans - these are all things that shut down.
We know there are states, like Alaska, where there are not a lot of providers. How do we work on issues like that? How do we work on making sure that the small-business part of this works better?... And if people have [alternate] plans, let's compare them and see. Access, affordability, and quality - that's what this is about. [But] "repeal" is a symbol of something that I don't think is connected to the substance of what's happening. Do you want to take away care from people who have preexisting conditions? [Repeal] takes you backward.
Small business, right down to the individual can beat big, bureaucratic companies ten times out of ten.
For small businesses, regulatory burdens can be overwhelming.
Finally, the House is working to require a comprehensive federal review of IRS regulations with a follow-up report to Congress on possible actions to reduce the tax paperwork burden imposed on small businesses.
Estimates show that small businesses contribute 60-80 percent of the net new jobs annually.
A handful of people who probably never even ran a small business actually think they can reinvent the health care system.
Small-business people do not want to have more than 50 employees, because that's when all the regulatory burden of Obamacare kicks in.
When you raise taxes on small business, from 35% to 40%, you will kill jobs.
And fifth, we will champion small businesses, America's engine of job growth. That means reducing taxes on business, not raising them. It means simplifying and modernizing the regulations that hurt small business the most. And it means that we must rein in the skyrocketing cost of healthcare by repealing and replacing Obamacare.
The fears are unanimous. ObamaCare is too expensive. It is a government takeover of our healthcare system. Services will be diminished. The patient-doctor relationship will be eliminated. It will not make healthcare more affordable. And it will bankrupt small businesses.
The American economy is driven by small business. And there's nothing basically to create incentives for small businesses. We've done no tax reform. They're the highest-taxed group in the country. And corporations can go anywhere they want and do whatever they want. Small businesses have to stay.
This is deeply disturbing. Congress provided loans to help businesses hurt by the Sept. 11 attacks, not to be used as an accounting gimmick to cover up this administration's failure to provide for small businesses.
I believe the best way to help our small businesses is not only through small-business loans, which we have increased since I've been the president of the United States, but to unbundle government contracts so people have a chance to be able to bid and receive a contract to help get their business going.
In fact, the legal system is in part responsible for their very size and growth. And too often when the individual finds himself in conflict with these forces, the legal system sides with the giant institution, not the small businessman or private citizen.
I think the knowledge about how legislation really affects small businesses is extremely valuable. If you haven't run a small business, then you don't have this kind of knowledge about how a regulation passed or taxes increased affects your bottom line. If you recognize that every new regulation takes that much more time to comply with, requires that many more employees, then it really gives you that foundational basis to make those decisions.
I saw that on Small Business Saturday, the president went shopping at a bookstore and bought 17 books, including "The Laughing Monsters," "Being Mortal," and "Heart of Darkness." Or as the cashier put it, "You OK, man? Maybe a little 'Chicken Soup for the Presidential Soul?'
I've built companies, I've created jobs, I know the frustration of small businesses with higher taxes.
I have advocated for rolling back regulations, simplifying the tax code and moving to zero-based budgeting - policies that will support small businesses and raise up the middle class.
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