Political Quotes

W. Todd Akin: Right. So we don't have to create unemployment and deal with health care. It's just that this approach is going to…

On the recordMarch 3, 2010
Right. So we don't have to create unemployment and deal with health care. It's just that this approach is going to create unemployment. Now let's take a look at how that works. There's a number of ways that unemployment is going to be driven. The first is you're going to tax the guy that owns the business. When you tax somebody that owns a business, it means he's got to give money to Washington, D.C. That means he can't take that same money and put it back in his business to add a wing to the business, to buy a new machine tool to create a new process to create more jobs, because instead of taking the money to build the small business, you're taking it to give to the government to run health care. So when you take money away from the owner of a small business, you're going to kill the job creation process. What else does it do? Well, it creates a lot of redtape for business owners. And when you create redtape, that also makes it so that it's harder for them to be efficient and competitive. And so that tends to hurt job creation. You also, because this bill has been sitting around and been hanging, scaring everybody to death for three quarters of a year, it creates a sense of tension and a restlessness, so that business owners are saying, I don't know what the business climate is going to look like in 6 months. I don't dare take a risk because I see threats on the horizon to the financial stability of my company.
Said by
W. Todd Akin
Missouri
Source
govinfo.gov
Mar 3, 2010

Editor's note · Context

The speaker discusses the negative impact of taxation and regulation on small business job creation.

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