As I meet with small business owners all across our District and Tennessee, I see the pride that each of them holds in their work and what they've accomplished. As a small business owner myself, I know well and personally the incredible hard work that goes into creating a successful business. I've experienced the sleepless nights, worrying about meeting payroll and paying the bills to keep our doors open. I understand the excitement and the feeling of accomplishment that comes along with expanding that business and watching it grow.
Having no experience in running a business, President Obama just doesn't get it. In fact, he fights against it. Just recently he said: "if you've got a business - you didn't build that. Somebody else made that happen." If you are like me, you were speechless at the President's latest arrogant attack on the foundation of the American economy. The President insists on pushing his view of successful businesses in America - that we owe the government for our success.
It's no wonder this is a tough time to be a business owner in America. Small business owners are struggling in America. They aren't expanding or hiring because of tax and regulatory uncertainty. Federal agencies are pushing regulation after regulation onto the plates of the small business owners. And now, the President wants to raise taxes on earnings above $200,000 - that would hit 1.2 million small-business owners who pay their taxes through the individual income tax.
If the United States economy is to fully recover, it will be with the help of small business owners - people who have built successful businesses - not by the President and his economic team walking over the carcasses of dead or dying businesses.