Political Quotes

“And that is what small business in America has been doing over the last couple of decades. That is where most of the jobs are created in this country, in small business by that plumber or that person who has an idea that works hard and puts together a plan and goes to the bank and borrows some money. And something that I learned in college in accounting is that cash and profits aren't the same thing. And a lot of people, I think they say, and I realized that lesson, I learned it in accounting, but it really didn't make an impact on me until my first year I had a profit in business and thought, oh my goodness. We had a great year. And then I realized that I had to pay this tax bill, but all my cash was tied up in my inventory and improving the physical plant and doing things to make business continue to grow. But I didn't have the cash. So I had to keep the debt up; had to figure out how to get that money to pay taxes. So it really puts a tremendous burden on small business when you have a high tax burden.”