For small businesses to thrive, they require an environment that is conducive for growth.
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.
The Fed needs to adopt new tools, on its own and perhaps in cooperation with the other parts of the US government, to improve the economy from the bottom up. This includes increasing facilities for debt forgiveness for under-water mortgages and excessive student loans; increased credit facilities for small businesses and cooperatives; helping to underwrite mechanisms for creating affordable housing in cities; and more restrictive enforcement of financial regulatory rules to help rein in excessive banker risk and pay.
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.
"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."
I tell you what Hispanics in Virginia tell me they want. They want access to the American dream. Thats why they come here to Virginia and to America, so they want more opportunities to start small business, better schools.
The best thing government can do now is get out of the way and let small businesses innovate, hire and grow. Unfortunately, this is unlikely to happen unless Washington stops increasing regulations, taxes and other blocks to business growth.
Private sector development and the creation of small businesses spur investment, jobs, opportunity, and hope. It empowers the market to meet local needs, whether for food, basic goods, or services.
The U.S. should take notes: Government overspending and a campaign of alienating investors and small business isn't really the best way to boost the economy or overcome massive unemployment.
You can have a worldwide shop from your bedroom. You can do things that weren't even dreamed of when I started off in business. It's why technology is the most wonderful thing for small businesses.
I think the gap between the rich and the poor is a dangerous phenomenon in Russia and it needs the attention of the state. The only reasonable way to correct the situation today is not to go after big businesses, but to give breathing room to medium and small businesses. That means protecting citizens and small entrepreneurs from arbitrary rule and from corruption. It means investing the revenues from the national natural resources into the national infrastructure, education and health care. And we must learn to do so without shameful theft and embezzlement.
What we have to do moving forward is to make sure that small businesses that account for most of the job growth in our economy are getting the kind of financing that they need.
I think the good part of the crisis is that finally, everybody is going to have to come to the table. That means the mayor's office, the board (of supervisors), the labor council, the chamber, small business. You end a recession healthier than you were when you went into it.
Small business is where jobs come from. Two-thirds of our jobs come from small businesses.
The IMF insisted that both Russia and Brazil maintain their currency at over-valued levels. Who are you protecting when you try to maintain that exchange rate by having high interest rates? You're protecting domestic and foreign firms that have gambled on the exchange rate. And who is paying the price? The small businesses that did not gamble [and no longer can afford loans], the workers who are going to be put out of jobs.
You got to remember, S corporations pay one layer of tax, corporations pay two layers of tax. So we basically see equivalent, but here`s the point. The rest of the world, they tax their businesses at an average rate in the industrialized world of 23 percent. Our corporate is 35. Our top S corporate, small business rate is 44.6 effectively. This is killing us.
I left small businesses a little while ago and they were all complaining that Obamacare is putting them out of business. Not only the regulations, which are a disaster and the taxes, but Obamacare is putting them out of business.
The person who had the greatest influence in my life was my dad, who was a wonderful small businessman, devoted to his family, devoted to the local church.
We'll be passing tax relief for small business owners and working families across the country.
Then by the springtime, you'll see us moving an effort to cut taxes for working families, small businesses and family farms to reform our business taxes in this country so that American businesses can compete more effectively with businesses around the world.
We're different men [with Donald Trump], different life experiences. But I've always been struck by our common heritage. His grandfather immigrated to this country just like my grandfather. His dad was a self-made businessman, who built up a business with his two hands. And my dad followed his dreams to Columbus, Indiana, helped build a small business in that town.
Should a small business or a large business be able to pollute the water or the air or the food? No, I hope you don't believe that.
Your house is your first small business. It's where your investment is and [where] our greatest asset is.
We should want small business, large business all doing well. We shouldn't want to punish them for the simple reason that they've gone into business, which is what the Democrats do.
Hopefully folks will look at the good things that I've done over the years, you know, my 10 years in Congress, my 12 years in state legislature, my many years of community organizing for the environment, for police accountability, for criminal justice reform, economic empowerment, trying to fight for small-business people, all these things.
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