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Dover Caterers CEO Butch Yamali and McArthur’s Bakery owner David McArthur on Romney’s views on regulations and taxes.
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Deflation is essential.
You can't have a free market work if you don't have regulation.
As a business person.
I had to have regular I -- you know the regulations I needed them there.
You couldn't have people opening up banks in there.
In their garage and making loans I mean you have to have regulations so that you can have an economy work every free economy has good regulation.
The same time.
Regulation to become excesses.
I swear he's had kept seamless I don't know I'm still trying to figure out.
That was Mitt Romney on fire.
-- so that we do three year on on you know this issue regulations won't do as we bring back a couple more small business friends.
And you know as -- were doing this throughout the recession and recovery than we just bring them back in the envoys there -- kinda magnanimous enough to come back.
And and and generously -- time with -- and get their sort of running perspective.
On these economic zone's political issues and talk -- dollar data -- yield which -- At -- is bakery owner David McArthur.
Good business he gauges -- guys thank you very much on.
He -- last night Mitt Romney.
Your thoughts.
But it you know -- was -- it was at a -- month talk like he knows what he's talking about when it comes to being in business and not someone it's never been there never been through the through them through the actions of actually writing checks and having to go by those rules and regulations.
-- as he talked about regulations are good thing there's no doubt when regulations or are in place that promote business that's a good thing.
When regulations like we've seen over the last few years start to compound it.
The market is your ability to do business on a free market you know that that's a whole different story and that's what we've been faced with under this administration.
Are almost sparkle last night that I -- heard the president start to say that you built that but -- any sort of tell me about all the tax Ericsson.
Yeah I think -- -- -- -- -- is -- very good 11 of the things I noticed in this ongoing discussion.
Is -- framing it we hear a lot of the sort of the good good heated words about.
What do you tell -- about hiking taxes on on on on so many people's 3% of businesses.
-- news.
Mitt Romney -- it around said very very true Mr.
President but it represents 25% of all the employees.
On all the workers.
This as if it and in and genuinely seem like a news alert to the president.
And and that I don't know it was just he was tired elicits or it's genuinely was.
A stunner to the president which would scare me anyway.
Look like you surprise -- he I believe so and I am I'm just happy to see Mitt Romney came out he nailed it last night this I think to me as a small business person.
You know he's right about regulation -- that regulations are really didn't specify how many Indians -- of.
-- where you draw the lines I thought it would say we don't need.
You know -- hundred more headed today are some again he didn't put any number two what did you make -- Well -- I don't think you wanna be exactly specific on what.
The federal government's gonna regulate -- would take away from you.
-- sort of regulations go.
I think you hit it go with the taxes the part that I really know listen to when and hit home was we talked about on his campaign -- rent to somebody I believe it was in Ohio.
Takes place in the 50% of his business sales go towards taxes the federal taxes payroll tax real estate tax -- tacked on and on and on.
Now if the president raises.
That the rates to 5% most business is a weapon -- fiery -- how much more can they sustain help put people out of his attack could help create jobs is gonna help.
Reduce jobs gonna kill us.
And that's the -- your appointment and exactly you know there's no 5% there are gold two and a half percent -- Our gold's too if we're lucky we're you're gonna see when it isn't exactly like upped it to an asset when a -- economy.
Two and a half percent net and a good economy and the type of business that we do today you add 5% on the there you I was only -- -- -- -- percent in the -- that's exactly -- what do you -- -- A year and I did I'm sorry but if you hear -- -- broadly saying.
I'm gonna cents a get off your back America roll -- -- regulations he was -- specific which are gonna make sure the government.
Schools and on taxes to consider the degree to what what didn't allowances and write -- -- deductions he would limit.
Where you either need troubled by the fact that it might be a watch that you for example in your case -- catering business you might see bullets.
No tax savings at all but you'll you've got my get a lower rate but you can't -- as my.
And that'll kill us because we -- more than you know disposable income for people to spend continue to grow our -- -- I wanna -- not gonna help me.
So I need to have some deductions on ways to save some money -- can continue to maintain my profit margin and I can grow the -- So all right so -- from -- is respected bits -- it did so why should taxes.
-- an -- -- -- Mitt Romney saying Tony that presents less in taxes you might not be right.
What -- they know though the test site others wouldn't want to you've always heard me say you've got to be profitable will pay taxes okay one way that I can afford to pay some tax moved.
Take some of these regulations out of place understood that allow me to do business at a lower rate -- that I can make some money and I'm not so you know.
Inclined to not pay -- -- -- I wish I was paying a bunch of tax right now I don't make money again okay real quick.
-- local butcher shop seven employees FDA comes in.
Two and a half days are going through this place the last thing they want it out of these people what they want to see their right written policy.
For the safety and sanitation of the -- in the event of a nuclear attack.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Tom Walter de -- seriously guys we love constantly monitoring things -- you guys because.
That -- -- and so what are -- we will also have a better sense what's going on amenities and academics.
We'll have more -- and.
