On the recordJune 15, 2011
Last September President Obama referred to America's small businesses as the ``anchors of our Main Streets.'' Unfortunately, economic data released on Wednesday proved that the President's actions speak louder than words. The failed policies of the Obama administration have left small businesses struggling. According to the National Federation of Independent Businesses, confidence in small business has dropped into recessionary levels. And the reason? Small businesses will tell you that their economic uncertainty is caused by low sales, high taxes, and burdensome government regulations. Now, I hail from the State of Illinois. Let me tell you a little story about Illinois. Illinois just went and raised its personal income tax level and it raised its corporate tax level. So, as a result of this, just a few days ago, we saw The Wall Street Journal put out an editorial which basically said Illinois has raised $300 million in revenue because of the corporate tax increase. Oh, but however, because of the businesses threatening to leave Illinois, they've already spent $240 million in giveaways to corporations to keep them there. This idea, this thing that we've been on over the last couple of years of tax, borrow, and spend our way to prosperity isn't working. I remember when the President's economic--well, you know what? In my own home district, unemployment exceeds 11 percent in many of the counties. People are asking me: What are you doing to create jobs?…





