Political Quotes

On the recordApril 3, 2001
I bring a background of being a small businessman myself. I owned and operated a supermarket for 26 years. I built it from scratch. I right now find that those who say this is about taxes for the rich do not have any idea what they are talking about. Because real rich people do not pay this tax. They use the complications of the tax system and the way they shield their resources, they are not the ones that pay it. Let me tell you who does. In the next 2 weeks, most of our small businesses that employ the vast majority of Americans are paying their income tax. They pay a lot of that, too, because they are the ones that pay the high rate. If you have a local business that has 100 employees and makes a decent profit, they are paying a lot of taxes and they are creating a lot of growth and wealth for our communities. If you are building a community, what kind of a business do you want? Would you choose some global corporation that would put 500 jobs in your community or would you take five local companies that would put 100 jobs in your community where the families live there and work in the communities and serve on local governments and serve on boards and agencies and do all of those things that make communities good places to live?
Said by
John W. Peterson
Pennsylvania

Editor's note · Context

Discussing the impact of tax policies on small businesses during a floor speech.

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