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Small Business Report: 10/20

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President Obama and Mitt Romney debated who would best help small business owners as president.

Obama wants to allow the bush tax cuts to expire for families making more than 250000.

Dollars a year.

He argued that would raise taxes on just 3% of small business owners and he talked up his tax cuts for entrepreneur hours.

Cut taxes for small businesses where the drivers and engines broke -- we kind of eighteen times.

And I wanna continue.

Those tax cuts.

For middle.

Class families and for small businesses.

Governor Romney argued for his plan to reduce tax rates by 20%.

For all taxpayers including owners of small companies.

I want to -- get America's economy going again.

54%.

Of America's workers work in businesses.

That are taxed as individuals.

So when you bring those rates down those small businesses are able to keep more money and hire more people.

-- small companies as a top priority for both candidates as they account for creating about two thirds of all new jobs.

That's it for this edition of the small business report I'm Peter Barnes Fox Business Network.