"Well, President, you're...Mr. President, you're absolutely right, which……" — Mitt Romney

"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."

Mitt Romney

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