Small Business Tax Cuts - April 19, 2012

Good morning. It is a great day to be cutting taxes, and we are thrilled that House Republicans are going to go to the floor, and we're going to pass a reduction in taxes…. Make a cut…. And this is what the American people are wanting to see. Kevin referenced the moms and pops that are going to benefit from this because, when you make that 20-percent cut, what you're going to do is give them the ability to hang onto more of their money. As my small business owners tell me, they have too much month left at the end of their money. And giving them the opportunity to have more money left at the end of the month means that they are going to hire more workers. Now most of those moms and pops are now owned by mom. Indeed, 30 percent of the small businesses are owned by women. When I talk with women all across this country, the number-one thing that they say is the uncertainty in Washington, the uncertainty about regulation, the uncertainty about litigation, the uncertainty around taxation is what is costing them to not innovate, not hire, not create jobs. So this is one way we can lower the rate, we can leave more money in the pockets of those that earn it, and we can put our nation another step forward toward fiscal health.

Speech from http://www.youtube.com/watch?v=hFoUTp7A_LQ.