On the recordMay 9, 2001
One of the best things that I think government could do for business is get out of the way. We share several things in common, one of which is our historical involvement in the restaurant industry. My brothers and I have been in the restaurant industry, I no longer am, but for many years we were in this business, having started a restaurant business from scratch. The regulations are extremely onerous; but even more onerous from my point of view was the tax burden and the Tax Code, both obviously visited upon business owners by the Federal Government. To give my colleague an example, or to put it in perspective, I think of the restaurant business in many ways; it is a simple business. You go out, you buy food, you cook it, and you sell it. It is not terribly complicated. But every year at the end of the year when it comes tax time, I have to hire an accountant and pay a great deal in fees for the accountant to go out and calculate what our tax obligation is. What he sends back to me, or what he used to when I was an owner of these restaurants, would be a stack of documents at least an inch high with instructions to fill out a check for a particular amount, sign the form, send it in and hope for the best. That is what small business owners do every day. There is no reason for that. There is no justification for a Tax Code that is too complicated to understand.
Source
govinfo.gov




