Our code ought to say, the harder you work, the more money you have in your pocket. This is a tax code that ought to make it easier for people to realize their dreams, not harder. We need to make the code more fair. We also need to make the code more fair to small businesses. There are 488,000 small businesses in your state of North Carolina who will benefit from tax relief when you cut marginal rates.
Reality is small business people pay personal income tax rates.
And so, when we drop the top rate from 39.6 percent to 33 percent, really what we're saying is, we want to encourage the growth of the small business sector in America. Oh, I've heard all the rhetoric about how only certain people benefit. But the Congress must understand the importance of small business in America, and the Congress must understand that by dropping that top rate, we stimulate growth in the private sector. The role of government is not to create wealth, the role of government is to create an environment in which the entrepreneur can flourish in America. Ours is the tax code that penalizes marriage.