Adam Smith: “First of all, when I first went in office in the early 1980s in the State, what happened was I saw people go on welfare…”

“First of all, when I first went in office in the early 1980s in the State, what happened was I saw people go on welfare as our State doubled for my business, I ran a corporation, doubled the taxes in 1 year. And I laid people off, and I saw people go on to welfare who used to work for me as secretaries and receptionists, at the entry level mostly, mostly women, and it got my attention that government could put people out of work. So the point on the contract that I have been focusing on is the item of welfare and job creation. You know, the best welfare is a job. I cannot think of any family, any single mom, any family of any kind that would not just as soon take care of themselves. Welfare is where we do not want to be, or we want to get off. So when I looked at the contract I saw that they did several things in the contract that I liked. I saw capital gains. I used to teach tax law changes and I saw people not sell because if they sold they lost everyting in taxes, and it tied up their money, and it tied up their jobs. And so I looked at the capital gains portion of the contract which we are coming up against and I saw it as jobs. If that money is released, I had money to hire people. Then I looked at the small business section.”