Well, President, you're...Mr. President, you're absolutely…
“Well, President, you're...Mr. President, you're absolutely right, which is that, with regards to 97 percent of the businesses are not...not taxed at the 35 percent tax rate, they're taxed at a lower rate. But those businesses that are in the last 3 percent of businesses happen to employ half -- half of all the people who work in small business. Those are the businesses that employ one-quarter of all the workers in America. And your plan is to take their tax rate from 35 percent to 40 percent.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
The speaker argues that raising corporate tax rates would disproportionately affect the smallest, most employment‑intensive firms, harming many workers.
In simple terms: Higher taxes hurt small, job‑rich companies.
Key Takeaway
Consider tax policy impacts on small businesses.
Themes
tax policy
employment
economic equity
Mood
concerned
analytical
Type
political
economic
When to use this quote
- small business owners
- policy makers
- workers
- economists
Key Concepts
progressive taxation
labor market dynamics
Questions to Reflect On
- How would higher taxes affect small business growth?
- Are there alternative ways to fund deficits?
A Different Perspective
The argument may overlook broader fiscal needs and potential revenue benefits.