You're watching...
'On the Record'-Open for Business: Panel examines whether Pres. Obama or Mitt Romney will would inspire confidence from both small and Fortune 500 com...
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
Phrase pursuit of happiness.
Means that in this country people would be free to pursue happiness as they choose not -- government directs not limit about the circumstances of our.
It's the nature of America to have great people person or their -- Had dreams.
And dreams are being crushed with taxes go up and up -- up.
On job creators and business creators when regulations become overwhelming and burdensome when the people in government sometimes treat you like you're the enemy instead of the friend.
Let me talk.
Folks who create most new jobs in America are America's small business hours.
And I've cut taxes for small business owners -- eighteen times.
Have also asked congress repeatedly passed new tax cuts propped -- horse who hire new workers and raise their workers' wages.
But here's the thing we have to remember.
The proposal I -- today.
Would extend these tax cuts for 97%.
Of all small business owners and America.
Actually for -- tax hikes President Obama governor Mitt Romney sharply disagreeing on how to boost business.
So whose ideas really would help businesses both big and small -- -- -- in terms of they have very different serve ideologies and look at both them.
Which ideology -- which Chris -- would probably have.
Inspire you more to go on hire people.
But definitely mr.
Romney widely.
He's run this -- before he has seen some of the challenges that we had and he's looking to reinvent tour or re engineer the tax code.
And right now we're seeing taxes go up and we fall into that 250000.
Dollar bucket.
As a small business that is getting hit very hard starting January want.
Steve are you likely to hire more people if finally a Republican if if governor Romney were elected or toll taken on all.
-- picture and make a difference are making huge difference both in terms of confidence and terms of -- what you gonna get -- a tax code.
And one of the things that is hurting is that he says 97% the president gonna get a tax break under his plan -- won't have a tax increase.
Ignores the fact that 3% he's gonna hit the turn to small business account for over half of small business revenue.
The bulk of the hiring so the people who are the capital creators of businesses that are expanding the the once it gets slammed disproportionately by what he's proposing.
So if you know you're not gonna get hit with a lot of new taxes somebody there -- understands what the challenges are by golly you're gonna say well let's take a risk.
-- you create disparity well I don't know am I mean.
I think we need to look at who should be the next president.
Based on who can stop the gridlock in Washington as we've all said -- this conversation.
In the end of the day it's bad decisions being made and things moving -- Businesses will respond.
Accordingly with what decisions are made busy instability it's killing all of us so me and today I think it's not about you know within Venus CEOs are being benevolent dictator and last time I looked -- a democracy so what you can decide may go into place you can't dictated anyway need to be negotiating.
We're not gonna win either side is gonna win all control over the government and -- -- And despite adversity and how to identify that person that can that concern get to the gridlock and then I suppose what the Republicans and say what President Obama -- to a democratic house.
And it at a democratic senate beginning although wasn't filibuster proof.
You know and mean and then -- he and he said -- you know bumped his head up against while changing certain things -- he would tell you that.
Governor -- we really know his experience from governor of minute Massachusetts with a little guesswork in in on the national level so how do you make that decision.
I think can the end of the day we what what will have a Obama has -- seems like clearly some work would need to be done it's not like it's been a full -- solution but I think that.
It's more so everyone coming to the table across.
All sides of government and even from the people's perspective.
To really understand that it doesn't matter actually who's in power because it may I I am of the belief in American public is going to choose -- they want to be in power.
I actually think it's everybody together who's going to get decisions made it's not one individual person I don't think the president can can force.
Anybody does get out of the gridlock that only new leadership.
Lot of.
He needs leadership and I don't get the feeling dead Obama and Boehner or would he -- Clinton thinking and he pushed it.
But definitely not Reagan and Tip -- One of the things to take heart from as a consensus is emerging Simpson Bowles commission which is a commission appointed by the present reduce the deficit a year and a half ago.
Came out with proposals for.
Reforming social security and Medicare came out with polls for simplifying the tax code reducing tax rates across the board.
Not as radicals I would like -- movement in the right direction Democrats and Republicans signed on to that I think after November.
But they -- mr.
Romney wins I think -- gonna start to achieve a consensus next year with a lot of Democrats support.
They have to be want to sound partisan but so be it -- the White House that blocked it when you have that deficit reduction commission last summer so called super committee.
There are willing Democrats -- willing to make a deal so -- the Republicans I think it can happen.
Jason out in the stimulus bill -- have been a success.
Or not and your mind.
I think it's I think it had its moments but I think it's out -- -- petered out and you know we look at for our project.
You have to stimulate growth by having small businesses spend money to expand that's where it's gonna come from.
Well what -- what -- -- -- the Democrats -- say do what we need more stimulus we didn't do enough stimulus would you agree with that or not.
I think it's the right -- and this is not just about broad based spending about the right kind of spending you know we've we've we're doing a hundred million dollar project.
In New York asking generates when fifty million -- -- revenue for New York.
And it was done in partnership with with the governor of -- Mayor Bloomberg.
And they understood that if we if if those small business and the government partnered together but we're putting -- -- a side by side to grow that's how what's gonna happen so really depends upon how it's being spent.
I placing -- in something -- my -- -- an -- some I was so Republicans might think that tax cuts as a former stimulus and its private stimulus and that the people were when he does herself stimulant rather having the government.
Isn't that I mean is is that we -- -- -- -- best in this of that race being the only government stay windy weren't governments can.
It's a combination of both what I don't agree with this tax increases because if we -- running a business and we need to make -- money were not gonna raise their prices were customers you don't raise taxes you gotta figure how to grow the business and -- stimulation.
It's how you do -- a function of both some level of Texas but it's also a function -- investment you have to invest.
To create job creation that doesn't happen by being stagnant.
You know an independent means you really believe that it can be done without any -- you know revenue increase I think -- -- I think we're all like and I think no one wants to swallow the bitter pill.
Of where our economy really is --
