On the recordJune 14, 2010
What is it that kills jobs? I've talked to my businessmen in my district, and I've heard this over and over: The first thing is excessive taxation. You take a look at the stimulus bill, huge amounts of Federal spending. You've got the socialized medicine bill. You've got the cap-and-tax bill, all those massive tax increases, capital gains, dividends, death taxes, all these, more and more taxation, heavy taxation. And what does that do? It kills jobs. Well, why would that be the case? Well, if you're a businessman and you're going to get taxed a lot, it takes your money away from investing back in your own business. And 80 percent of the jobs in America are with companies with 500 or fewer employees, and so if that guy that owns the business, he looks like he's a rich guy. Maybe he's making more than $250,000 a year. You say, let's tax that guy. But if you tax that guy, then he can't put the money back into building a wing in the business, putting new machine tools in it, or whatever the new technology is, and creating the jobs. And so this taxation inevitably works to create unemployment. The funny thing is the Democrats can't have it both ways; they can't have a war on business and say they're worried about unemployment, because it's businesses that employ people.
