On the recordJanuary 9, 2007
What we know about small businesses is that they are the number one job creator in America. As we heard the gentleman say awhile ago, over nearly 7 million new jobs have been created in this country in the last 3 rac{1}{2} years. Quite honestly, most of that has been from small businesses all across this country. One of the things that a lot of people don't know that have not had their own business is that small businesses are also big taxpayers. What they do not also realize is that in some cases we ask our small businesses to pay more taxes than we do other folks. That is because our small business people, in addition to income tax, have to pay self-employment tax. The way you build a business in America is that you do it by taking money that you are making and reinvesting it in your business, and that is the way you grow your business. It is these growing businesses in America that have been growing America.
Source
govinfo.gov




