Quest for job creation
House to vote on small business bill
- Duration 4:34
- Date Apr 18, 2012
House to vote on small business bill
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Sixteen minutes past the top of the hour Republicans ready -- to pass a bill.
-- creates thousands of jobs but the White House already has the veto pen out joining me now the person who -- the small business tax cut bill.
House majority leader Eric Cantor good morning to congressman.
That's -- good morning -- -- explain this it has to do with the number twenty and you're talking about a tax cut for small business what is it.
But -- -- so we're in tax week everybody in America has now filled their taxes out and job paid the government.
And reminded again of the fact that Washington.
Continues to want to take more and more of your hard earned money.
We also know that we've got a situation in the economy we need to see more jobs created -- more economic growth.
How do you do that you look to the job generators a small businesses of America they prayed over 65%.
Of the jobs.
So what this bill does a small business tax cut act that'll come to the house floor tomorrow.
It provides every small business -- 499.
Employees or less.
The ability to have a 20% tax -- straight up.
Money to the bottom line so that small business men and women can have more money to -- back into their business to grow the businesses create jobs and.
I understand that it's for businesses -- have fewer than 500 employees but that covers 99.9.
Percent of US companies.
But why would the Democrats and President Obama be against.
What you know I again I think it's indicative of where they wanna take this country because this week -- tax week.
What they've done is put up for a vote in the senate -- tax hike.
And if -- job creation should be our goal I think most Americans say we've got to get this economy going again.
They believe you raise taxes we believe you let small businesses have a tax cut to create more jobs.
And so I just think there's a clash of visions here.
And something that will continue to play out this year as we try and get something done here in Washington.
But did President Obama in the past wasn't -- in favor of some tax cuts to small businesses.
Well I mean there's been some indication from the White House that they want to help small businesses.
But it seems that every time that they say that there is always some string attached there's always some desire to want -- micromanage a small business man -- woman's.
Money and we believe that it's best it's cross the small business men and women.
Because they know how to create jobs Washington -- Not like this built actually asked that because it appears that if if if at one point he was in favor of something like that maybe now he's not because -- -- and goes against the narrative of this whole Buffett rule that seems to be what's going to be on the campaign lingo moving forward.
I got him into the next topic because I -- -- student in knowing.
What you believe Mitt Romney should do to go up against that hold Buffett rule populist message.
Should Mitt Romney focused now on tax reform.
Since President Obama is gonna continue down the pack with this whole fairness approach and having millionaires pay more.
First of all.
-- and I think we've got to ask the question -- fairness.
Why is it fair.
If you have a disparity or the allegation is a disparity in income tax rates.
Why is it fair to go raise taxes on people why don't we just cut taxes on the middle class.
That's of the small business tax cut does is it lowers taxes on people that are working in small businesses -- -- plastic going great.
I'm asking it because it appears that that -- fairness argument at least if you look at some of the recent polls is working.
60% of the American public agrees with this Buffett rule thing even though the senate voted it down so I'm wondering if on the Republican side.
The guy running for president Mitt Romney needs to talk about eight simplistic tax reform package to go up against that populist message.
There's no question that the public embraces a flatter fairer more.
Simple tax code and I think what you're seeing come out of Mitt Romney is an economic plan that embraces that kind of pro growth policy.
It's lowering rates for everybody it's broadening the base.
It's getting rid of loopholes and preferences and getting Washington out of the business of picking winners and losers -- the tax code.
That's ultimately where we in the house would like to see.
Things go as well but as you know over the last year and a half.
The Democrats in the senate and the White House have refused to cooperate with -- on simple tax reform.
Or even put up a budget for a vote.
Don't think it's because you congressman Eric Cantor have a great rest of the week thanks for your time.
Thanks -- and forget.