businesses would not see their income taxes go up. the most contentious agreement is over the bush-era tax cuts. romney wants to extend them for all americans obama doesn t want to extend the bush tax cuts for those making over $250,000 a year, claiming only 3% of small business owners will be affected. romney says it would impact over a million small businesses and affect hiring. there was a survey done of small businesses across the country. i said, what s the affect on obama care on your hiring plans? three quarters of them said it makes us less likely to hire people. i was having the same conversations governor romney talks about, and it wasn t just that small businesses were seeing costs skyrocket and they couldn t get affordable coverage even if they wanted to provide it to their employees. the candidates differ sharply regard on obama care s effect on small business. governor romney issed ament he ll try to repeal the
creates business in america. governor romney and i do share the business world. the issues confronting small businesses have been getting more attention than in any presidential election in recent history. the political rhetoric on what business owners need is heeding, but what exactly will president obama and governor romney do to help? president obama has cut taxes or extended small tax cuts for businesses 18 times. a number of those breaks have expired. he s also cut payroll tax cuts and cut the corporate tax rate from the current 35. governor romney wants to lower the corporate tax rate to 25% and wants to eliminate the corporate alternative minimum tax. 54% of america s workers work in businesses taxed not as the corporate tax rate but at the individual tax rate. and if we lower that rate, they will be able to hire more people. under my plan 97% of small
flow. that s what s happening. there s not access to capital. some of it is available. a lot of small business owners don t have the assets they are capable of lending them on. i m a founder of a small community bank. we raised 30 million bucks to open the bank. we are lending money to people that can repay the debt. tell me, access to capital. the president or romney, who is going to make it better? no question. obama sees the big picture. new techniques have to be created. the banks have strict guidelines. i come from a risk-driven perspective. as an angel investor, we put tons of money to work. why would you not expect money back? we understand the risk.
the reality of our game, it is a game, i have written a book on it. if you don t do it right, you are going to lose. part of my interest is to make sure people do it right. back to the candidates. access to capital. it s an interest for a lot of people. who is better? both of them have good points. i think romney is better because he understands it better. he comes from the business sector. he used to be a venture capitalist, he used to be in private equity. i will give president obama credit for the jobs act. i do think, as somebody who formerly owned a broker dealer, the crowd funding for real crowd funding for start-up businesses is not going to be as robust in the overall small business community. quickly moving to health care. evelyn, you were a supporter of obama care. why? yes, i am. how does it help your company? being able to buy insurance in a large pool of people
rob? we have to realize we are not an insular nation. one thing that excites me is romney is going to get tough on china and the devaluation of our dollar. i think it creates a challenge because it presents pressure. leveling the playing field make the tax rates more acceptable to high earners and americans. i m going to vote for romney. brian, carol, rob, evelyn, we appreciate this lively and interesting discussion. i hope it s helpful to everyone out there trying to make a decision this week. thanks. to learn more about today s show, click on our website, it is openforum.com/yourbusiness. you ll find all of today s segments there plus web exclusive content with more information to help your business grow. follow us on twitter@msnbcyourbiz. become a fan on facebook.