From the Romney Campaign Organization:
To the Readers of Home Business Magazine:
“Governor Mitt Romney supports the home-based business community and has offered detailed plans for across the board tax relief, immediate review and reform of President Obama’s burdensome regulations, repeal of Obamacare, and replacement with market-based reforms to drive down insurance costs. He will work to get this economy moving again so that home-based businesses can grow.
|“Governor Mitt Romney is an entrepreneur, and he understands the challenges that confront many home-based business owners. He looks forward to helping the home-based business sector grow and thrive in the years to come after he is elected President.”|
President Obama entered office promising to turn our economy around. But from day one of his administration, he has pursued policies and regulations that have slowed our economic growth. President Obama’s policies have been fundamentally hostile to small business owners. The President is setting our economy up for one of the biggest tax increases in history in 2013. In particular, President Obama’s tax plans will come at the expense of small businesses that file as individuals. His tax proposals have favored large corporations over small businesses, which could see tax rates rise to over 41 percent.
Governor Romney is an entrepreneur, and he understands the challenges that confront many home-based business owners. He looks forward to helping the home-based business sector grow and thrive in the years to come after he is elected President. Governor Romney’s plans will get this economy moving and allow our country to move on from the failed leadership of President Obama.”
Governor Romney on Key Issues that Impact Home-Based Entrepreneurs, Small Business and the Economy.
Governor Mitt Romney believes that he can help small and home-based businesses by implementing marketbased health care reform, reducing taxes, and tackling regulations. The Republican presidential nominee believes small business has not thrived as it could have since the recession because of President Obama’s policies.
Small Business Regulations & “Obamacare”
Governor Romney has stated that on his first day in office he will sign an executive order freezing all regulations not yet implemented by the Obama administration. He would then commence a review of all regulations, using a team of small business owners to identify burdensome ones that he’d seek to eliminate. Governor Romney uses the analogy that he will take “a WeedWacker” to onerous
|“Governor Mitt Romney supports the home-based business community and has offered detailed plans for across the board tax relief, immediate review and reform of President Obama’s burdensome regulations, repeal of Obamacare, and replacement with market-based reforms todrive down insurance costs.”|
Regarding the Affordable Care Act, Governor Romney believes that “Obamacare has frightened businesses from hiring more people.” He will do all in his power to stop Obamacare and take that looming specter and uncertainty away from small businesses. For example, Governor Romney will issue waivers to all 50 states regarding the implementation of “Obamacare.”
Less Burdensome Tax Rates & Jobs
Governor Romney notes that most small and home-based business owners pay taxes at the individual level, not corporate taxes, and said that they would benefit from his plan to lower the top rates from 35% to 28%. To simplify the tax code, these rate reductions would come with fewer deductions and exemptions. This will enable small businesses to keep more of their capital and to hire more people. As Governor Romney emphasizes, the priority is jobs, getting more people back to work, and with such competition for employees that wages and business income will go up again.
Based in part from comments to a forum sponsored by the National Federation of Independent Businesses.