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Small Businesses Leaning Towards Romney?

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  • Description

    Marks Group founder Gene Marks explains why Mitt Romney is better for small business.

  • Duration 3:40
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Of the hour well a recent poll.

By George Washington University shows the 47% of small business owners think President Obama is more supportive of small business but our next guest says that poll.

There's just flat out wrong gene marks is a business owner -- -- -- small businesses he says Mitt Romney.

Is the best choice for the little -- IG might some might say that -- you do you think that -- -- in the polling is showing us right now that small businesses are moving towards the president.

-- -- -- -- -- -- in the past couple weeks there's been a few different polls have come out that it said that more small business owners favor.

I'm Mitt Romney then President Obama and others that say the opposite and I'm -- -- you're saying -- -- -- polls all over the -- are saying different things so.

All I did speak about is is my client base I mean we have been more than 600 small business clients that we -- -- I speak to thousands of business owners all around the country.

I'm all throughout the year.

And I get a different sense from a small business community and I tell -- what it is.

I'm a -- people like President Obama but they feel more favorably disposed towards a Mitt Romney candidacy.

I mean the because they -- the perception that I get from most of the small business owners I speak to is that.

He's just more predispose towards a business environment.

But the one thing that that I'm not sure either candidate has really -- -- -- how do you grow demand how do you grow the economy.

-- -- look I mean you know health care aside and I'm sure that's on the minds of many small business owners the other point is that they don't have the demand a matter what they're not gonna -- that's the biggest problem.

But the got meetings -- Renault right now.

-- you hit it right on the head that's exactly right and and.

What a lot of desire to secede from the Obama administration is sort of a lot of gimmicks you know tax rebates things like hey if you hire more people will give your credit on taxes and.

One really the problem is exactly what you just said it's how do you create more demand now as a business or to myself I have -- ten person company.

I'm looking for a low tax low regulatory environment where I can grow my business and you telling fact -- they just -- just few days ago.

There is 931.

Billion dollars sitting in private companies checking accounts right now -- with a Chilean dollars and I mean why is that.

-- -- -- -- And get their other friend Minnesota they're afraid to come -- that I noted -- your clients -- while they come on and they say.

I am not willing to make hiring decision because it thoughtfully answer exactly whether it's of any why we do that health care of fiscal -- you cannot go on and.

Correct why would they make -- investment and risk their money they're trying to save for college tuitions for their kids and put money away for retirement why would they risk their own money on doing that.

An environment that's uncertain and really where you're looking at next couple years -- A lot of raising taxes and dividends rates are gonna go up capital gains rates are gonna go up personal taxes up as well it -- spooks a lot of business owners.

Often we do want to name you know that's the biggest problem that we're -- -- and did they not -- -- LLC is because most of them do and that's when they get smacked on taxes.

At the end of the year that's that's what's -- all of us can and do you know -- -- -- -- -- -- Now I -- what you're saying to Joseph Klein is by playing some tax tricks are gimmicks -- trying get away from paying your taxes now.

It really gets back to what you just said early in his interview which is how do you create more demand.

This is those are really afraid of investing -- -- spending money if they know there's going to be your return on investment.

And right now why hire people -- -- invest when that demand environment -- and -- so what do you -- You lower the tax environment if you lower taxes on dividends capital gains interest in personal taxes look.

Shall I mean thirty to 35% of my income goes to some type -- -- many keep more of it so I can invest more give me the confidence that's going to be a long term environment.

-- remarks were gonna have to have you back great enemy Jeanne thank you very much.

Thank you so.

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