I had a conversation last night before I came to the floor with a gentleman in a small business. He has under 20 employees, but he was saying, In my 25 years in this business, I have never been so on the bubble as I am right now. I'm hanging on by my fingernails. You put a 2 percent tax on me, much less an 8 percent payroll tax on me, I'm done. I'm out of business, and everybody that works for me is out of business. And when the number one concern in America is the economy, jobs, and really not just jobs, but careers--we're destroying careers here. They said, Well, people want jobs. No. They need careers. We're destroying them right and left. Here's an article this week about Caterpillar. They wrote to the President. They said, Please, don't do this. This will cost us a hundred million dollars in the first year. How do you think a company that is in--you know, they're doing okay. They're the world's largest manufacturer of construction equipment, but they have said they're barely hanging on. The President went to Caterpillar and said they're barely hanging on; we're going to help them. How is helping them putting another hundred million dollar burden on them?
Louie Gohmert: “I had a conversation last night before I came to the floor with a gentleman in a small business. He has under 20…”
Editor's note · Context
Gohmert discusses the impact of taxes on small businesses and the economy.
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