--- title: "Meaning & Key Takeaway of: The reason is because small business pays…" description: "\"The reason is because small business pays that individual rate; 54 percent of America's workers work in businesses that are taxed not at the corporate ..." image: "https://sms4smile.com/quotes/i/93c/mitt-romney-268_american-people_the-reason-is-because-small-business-pay_936879.jpg" --- # The reason is because small business pays that individual… ![“The reason is because small business pays that individual rate; 54 percent of America's workers work in businesses that are taxed not at the corporate tax rate, but at the individual tax rate. And if we lower that rate, they will be able to hire more people. For me, this is about jobs. This is…” quote by Mitt Romney](https://sms4smile.com/quotes/i/93c/mitt-romney-268_american-people_the-reason-is-because-small-business-pay_936879.jpg) [Download](https://sms4smile.com/quotes/i/93c/mitt-romney-268_american-people_the-reason-is-because-small-business-pay_936879.jpg) [Open image](https://sms4smile.com/quotes/i/93c/mitt-romney-268_american-people_the-reason-is-because-small-business-pay_936879.jpg) > “The reason is because small business pays that individual rate; 54 percent of America's workers work in businesses that are taxed not at the corporate tax rate, but at the individual tax rate. And if we lower that rate, they will be able to hire more people. For me, this is about jobs. This is about getting jobs for the American people.” [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Lowering individual tax rates for small businesses could stimulate hiring and job creation in the U.S. **In simple terms:** Cutting taxes may boost jobs. Key Takeaway Consider tax policy impacts on employment. Themes economics tax policy employment small business Mood analytical optimistic Type policy economic When to use this quote - policy debate - business planning - government budgeting - job seekers Key Concepts fiscal incentives labor market dynamics Questions to Reflect On - How does tax policy affect hiring decisions? - What other factors influence job growth? A Different Perspective Tax cuts may not guarantee hiring if demand is weak. ★ ★ ★ ★ ★ No ratings yet [America Workers](https://sms4smile.com/quotes/about/america-workers-343263/) [American people](https://sms4smile.com/quotes/about/american-people/) [Business](https://sms4smile.com/quotes/about/business/) [Businesses Taxed](https://sms4smile.com/quotes/about/businesses-taxed-1233768/) [Corporate Tax](https://sms4smile.com/quotes/about/corporate-tax-378609/) [Small business](https://sms4smile.com/quotes/about/small-business/) [Tax rate](https://sms4smile.com/quotes/about/tax-rate/) [Taxed Corporate](https://sms4smile.com/quotes/about/taxed-corporate-1569773/) [Taxes](https://sms4smile.com/quotes/about/taxes/) ## Related quotes > [ If you bring \[tax\] rates down, it makes it easier for small business to keep more of their capital and hire people. And for… ](https://sms4smile.com/quotes/mitt-romney/if-you-bring-tax-rates-down-it-makes-it-easier-for-small-business-to/) [Mitt Romney](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/mitt-romney/well-president-you-re-mr-president-you-re-absolutely-right-which-is/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) > [I don't think we should reduce the corporate tax rate.](https://sms4smile.com/quotes/zephyr-teachout/i-don-t-think-we-should-reduce-the-corporate-tax-rate/) [Zephyr Teachout](https://sms4smile.com/quotes/author/zephyr-teachout/) > [It's not coincidence that the U.S. is in last place in the world in terms of corporate tax rate. It's because our system is…](https://sms4smile.com/quotes/david-malpass/it-s-not-coincidence-that-the-u-s-is-in-last-place-in-the-world-in/) [David Malpass](https://sms4smile.com/quotes/author/david-malpass/) > [I think, definitely, this country needs a lower corporate tax rate and tax reform so that we can get our profits that we've made…](https://sms4smile.com/quotes/julian-robertson/i-think-definitely-this-country-needs-a-lower-corporate-tax-rate-and/) [Julian Robertson](https://sms4smile.com/quotes/author/julian-robertson/) > [We need to lower tax rates for everybody, starting with the top corporate tax rate. We need to simplify the tax code. The ultimate…](https://sms4smile.com/quotes/herman-cain/we-need-to-lower-tax-rates-for-everybody-starting-with-the-top/) [Herman Cain](https://sms4smile.com/quotes/author/herman-cain/) > [Corporate tax reform is nice in theory but tough in practice. It most likely requires lower tax rates and the closing of loopholes, which…](https://sms4smile.com/quotes/andrew-ross-sorkin/corporate-tax-reform-is-nice-in-theory-but-tough-in-practice-it-most/) [Andrew Ross Sorkin](https://sms4smile.com/quotes/author/andrew-ross-sorkin/) > [North Carolina needs to revamp the tax code completely. We have some of the highest tax rates, like the corporate tax rate, in the…](https://sms4smile.com/quotes/david-rouzer/north-carolina-needs-to-revamp-the-tax-code-completely-we-have-some/) [David Rouzer](https://sms4smile.com/quotes/author/david-rouzer/) > [If we could get the corporate tax rate down to, let's say, a maximum of 25 percent, it would be a sea change for…](https://sms4smile.com/quotes/orrin-hatch/if-we-could-get-the-corporate-tax-rate-down-to-let-s-say-a-maximum-of/) [Orrin Hatch](https://sms4smile.com/quotes/author/orrin-hatch/) > [To be competitive globally, we have to reduce the corporate tax rate.](https://sms4smile.com/quotes/tim-ryan/to-be-competitive-globally-we-have-to-reduce-the-corporate-tax-rate/) [Tim Ryan](https://sms4smile.com/quotes/author/tim-ryan/) > [Donald Trump wants to dramatically reduce America's corporate tax rate (to 15%) and thereby unleash economic growth. Hillary Clinton hasn't said a word about…](https://sms4smile.com/quotes/ted-nugent/donald-trump-wants-to-dramatically-reduce-america-s-corporate-tax/) [Ted Nugent](https://sms4smile.com/quotes/author/ted-nugent/) > [I know things like a 20% corporate tax rate will allow us to be more competitive in the global marketplace. That's what our competitors…](https://sms4smile.com/quotes/dennis-muilenburg/i-know-things-like-a-20-corporate-tax-rate-will-allow-us-to-be-more/) [Dennis Muilenburg](https://sms4smile.com/quotes/author/dennis-muilenburg/) > [Corporate tax rate cut is a big decision and giving tax exemption of up to Rs 1.45 lakh crore in a year is not…](https://sms4smile.com/quotes/anurag-thakur/corporate-tax-rate-cut-is-a-big-decision-and-giving-tax-exemption-of/) [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) > [I forget what the relevant American rate is, but I can tell you that our goal is to have a combined federal-provincial corporate tax…](https://sms4smile.com/quotes/stephen-harper/i-forget-what-the-relevant-american-rate-is-but-i-can-tell-you-that/) [Stephen Harper](https://sms4smile.com/quotes/author/stephen-harper/) > [In a zero corporate tax rate environment, if the private sector doesn't create tens of millions of jobs, then I don't know what it…](https://sms4smile.com/quotes/gary-johnson/in-a-zero-corporate-tax-rate-environment-if-the-private-sector-doesn/) [Gary Johnson](https://sms4smile.com/quotes/author/gary-johnson/) ## More by Mitt Romney > [I look at what's happening around the world and I see Iran four years closer to a bomb. I see the Middle East with…](https://sms4smile.com/quotes/mitt-romney/i-look-at-what-s-happening-around-the-world-and-i-see-iran-four-years/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) > [I would like to have campaign spending limits.](https://sms4smile.com/quotes/mitt-romney/i-would-like-to-have-campaign-spending-limits/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) > [I believe in my Mormon faith, and I endeavor to live by it. My faith is the faith of my fathers - I will…](https://sms4smile.com/quotes/mitt-romney/i-believe-in-my-mormon-faith-and-i-endeavor-to-live-by-it-my-faith-is/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) > [America's military is second to none in the world. We're blessed with terrific soldiers, and extraordinary technology and intelligence. But the idea of a…](https://sms4smile.com/quotes/mitt-romney/america-s-military-is-second-to-none-in-the-world-we-re-blessed-with/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) > [And a special thank you to the citizens of Massachusetts: You are paying all the taxes, creating all the jobs, raising all the children.…](https://sms4smile.com/quotes/mitt-romney/and-a-special-thank-you-to-the-citizens-of-massachusetts-you-are/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) > [When I was elected governor of my state, I had a legislature 87 percent Democrat. It was not lost on me that to get…](https://sms4smile.com/quotes/mitt-romney/when-i-was-elected-governor-of-my-state-i-had-a-legislature-87/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) > [I saw the young man over there with eggs Benedict, with hollandaise sauce. And I was going to suggest to you that you serve…](https://sms4smile.com/quotes/mitt-romney/i-saw-the-young-man-over-there-with-eggs-benedict-with-hollandaise/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) > [I've been a hunter pretty much all my life.](https://sms4smile.com/quotes/mitt-romney/i-ve-been-a-hunter-pretty-much-all-my-life/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) > [I think Mitt Romney has demonstrated repeatedly he has a penchant for - for secrecy, doesn't seem to have any interest in actually showing…](https://sms4smile.com/quotes/mitt-romney/i-think-mitt-romney-has-demonstrated-repeatedly-he-has-a-penchant-for/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) > [If I were to offer advice to any president of the United States, it would be this: do whatever you can do to keep…](https://sms4smile.com/quotes/mitt-romney/if-i-were-to-offer-advice-to-any-president-of-the-united-states-it/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) > [I was too important to go to Vietnam.](https://sms4smile.com/quotes/mitt-romney/i-was-too-important-to-go-to-vietnam/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) > [America has not dictated to other nations. We have freed other nations from dictators.](https://sms4smile.com/quotes/mitt-romney/america-has-not-dictated-to-other-nations-we-have-freed-other-nations/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) > [The right course is for the Palestinians and the Israelis to sit down at the table together. The Palestinians need to recognize that the…](https://sms4smile.com/quotes/mitt-romney/the-right-course-is-for-the-palestinians-and-the-israelis-to-sit-down/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) > [If I'm President of the United States, when I'm President of the United States, we will stand with Israel.](https://sms4smile.com/quotes/mitt-romney/if-i-m-president-of-the-united-states-when-i-m-president-of-the/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) > [President Obama instituted the most anti-growth, anti-investment, anti-jobs measures that we have seen in our lifetime. Now he called his agenda ambitious, I call…](https://sms4smile.com/quotes/mitt-romney/president-obama-instituted-the-most-anti-growth-anti-investment-anti/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) [Explore all 781 Mitt Romney quotes ](https://sms4smile.com/quotes/author/mitt-romney/) ## More American people quotes > [America is a democracy and has no Hitler, but I am afraid for her future; there are hard times ahead for the American people,…](https://sms4smile.com/quotes/albert-einstein/america-is-a-democracy-and-has-no-hitler-but-i-am-afraid-for-her/) [Albert Einstein](https://sms4smile.com/quotes/author/albert-einstein/) > [Believing with you that religion is a matter which lies solely between man and his God, that he owes account to none other for…](https://sms4smile.com/quotes/thomas-jefferson/believing-with-you-that-religion-is-a-matter-which-lies-solely/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [For as much as government can do and must do, it is ultimately the faith and determination of the American people upon which this…](https://sms4smile.com/quotes/anonymous/for-as-much-as-government-can-do-and-must-do-it-is-ultimately-the/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Given a choice between two bald political candidates, the American people will vote for the less bald of the two.](https://sms4smile.com/quotes/victor-gold/given-a-choice-between-two-bald-political-candidates-the-american/) [Victor Gold](https://sms4smile.com/quotes/author/victor-gold/) > [When the American people saw the LA riots and crowds of Blacks cheering O.J. Simpson (who was acquitted by the almost all Black jury),…](https://sms4smile.com/quotes/david-duke/when-the-american-people-saw-the-la-riots-and-crowds-of-blacks/) [David Duke](https://sms4smile.com/quotes/author/david-duke/) > [In any event, it is one thing to assert, then or now, that the Iraq war was ill-advised. It is quite another to make…](https://sms4smile.com/quotes/laurence-silberman/in-any-event-it-is-one-thing-to-assert-then-or-now-that-the-iraq-war/) [Laurence Silberman](https://sms4smile.com/quotes/author/laurence-silberman/) > [Well look, CIA is an agency that has to collect intelligence, do operations. We have to take risks and it's important that we take…](https://sms4smile.com/quotes/leon-panetta/well-look-cia-is-an-agency-that-has-to-collect-intelligence-do/) [Leon Panetta](https://sms4smile.com/quotes/author/leon-panetta/) > [I don't know a politician who enjoys fundraising. The system is such that the American people have lost faith.](https://sms4smile.com/quotes/john-mccain/i-don-t-know-a-politician-who-enjoys-fundraising-the-system-is-such/) [John McCain](https://sms4smile.com/quotes/author/john-mccain/) > [Probably the greatest single obstacle to the progress and happiness of the American people lies in the willingness of so many men to invest…](https://sms4smile.com/quotes/john-d-rockefeller/probably-the-greatest-single-obstacle-to-the-progress-and-happiness/) [John D. 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