gjonsson
Clip Created Oct 4, 2012

St. Louis business reference

Clipped from:Mitt Romney on the Economy
Mar 19, 2012

Romney references St. Louis-area business during stump speech.

57 seconds | 6 views


Video Library clips and descriptions are created by MyC-SPAN users. These descriptions and clips are not the editorial selections of C-SPAN.
Click to report profane or abusive content.

00:00:00 TO GROW A BUSINESS.
00:00:01 I HAPPEN TO BE IN ST.
00:00:03 LOUIS LAST WEEK AND SPOKE WITH DR.
00:00:05 BERNARD AND HE AND HIS SON MAKE AMPLIFIERS FOR ELECTRIC GUITARS.
00:00:09 THEY RECENTLY HAD TO LAY OFF TWO VERY PLEASED.
00:00:12 THIS OWNER SAID THAT BY HIS OWN CALCULATION THE GOVERNMENT TAKES 65% OF WHAT HIS BUSINESS MAKES.
00:00:21 PRESIDENT OBAMA, BY GOINGWOULD TAKE THAT UP TO 70%.
00:00:29 IF YOU'RE ONE OF THE FEW, THE VERY FEW OF THESE ENTREPRENEURS WHO SEEK SUCCESS AND GENEROUS PROFIT IN YOUR BUSINESS, THE PRESIDENT WANTS TO TAKE 40% OF THAT FOR FEDERAL INCOME TAX AND THEN YOU HAVE TO ADD THE PAYROLL TAX, THE GAS TAX, THE STATE TAX, THE CITY TAXES, PROPERTY TAXES, EXCISE TAXES AND SO FORTH.
00:00:51 ON TOP OF THAT, YOU HAVE TO FACTOR IN THE REGULATORY
Loading...