You're watching...
Tripp Scott President Ed Pozzuoli argues the president’s regulations are causing uncertainty among small-business owners.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
-- today found that 70% of small business owners think president Obama's policies are making it hard to do business.
Enjoy the company is Ed Pozzuoli he's with trips offs that's a law firm -- entrepreneur doesn't -- companies in South Florida -- welcome to the program.
Thinking they get that as it is clear now.
You'll business you'll mobile phone looks with small businesses and on proponents right they come to Europe is ahead at at a sort of legal problem on got a government problems that's what happens all the time but I wanna list one of the problems have been running up to Iran -- -- the -- structure well for one let's start first.
First is that the president simply doesn't appreciate you aren't for nor in the comments heating bill that that's Nicholas and part of it.
But let's talk specifics yet specifically regulations.
You know Obama care is a big heavy burden that was thrown on entrepreneurs desk and -- -- comply.
But no one read the bill when it was -- 2000 page plus and now all the regulators at a at writing regulations around that -- doesn't apply to the businesses with fewer -- -- fifty employees -- but it but it looks -- small businesses are fifty plus as well and and businesses who have twenty or thirty employees wanna be fifty plus and that prevents them from being fifty plus.
Who would want to -- the -- -- that the fit into that box gonna have to comply with those regulations so what is okay it is it is the problem.
With small businesses and Obama cat that they don't know what rules and regulation -- -- got more than fifty employees they don't know is that if they don't know and they don't know.
The uncertainty is what kills the launch heroes we'll hear your the little book -- come to you with -- probably don't know what do you tell.
Well we try to work through -- the -- -- happy for the business Stewart but here's the point.
Small businesses can't afford to have a cadre of lobbyists and lawyers within every decision point they make.
And and the problem is that they that is a cost doing business then.
They have to pay for to come to me and asked me what about this regulation how to like comply had a -- get this license and had a -- get how to comply with Obama -- how -- comply with with some targeted at a loan from a bank.
You know senate so the combination of those things understood problem woman Obama cast doubt it problem to taxes.
Taxes big time -- the idea of rolling back or.
Pulling back from the bush tax cuts.
For the top end of the scale.
-- -- small businesses because remember most of those people file through some -- They're sub best companies and their taxes are -- -- -- personal returns so if -- if their if their postal rate to federal income taxes 35%.
And that that the small business makes a profit.
That profit is taxed at 35% saying is that possible tax that's right if flow through to their personal tax and they don't know whether that rate goes up or stays still or if Romney wins comes down correct.
Correct so what do you tell uncertainty is a killer in this little -- what they come -- -- for a solution well we will whom you I'm not a solution well I don't because a lot of this is uncertain so as an example you know it.
The 3800 new regulations came down from the federal government just last year and went wrong -- now for over close to 5000 this year.
That is just -- unbelievable burden some kind of got Obama camp -- -- taxes uncertainty in both right number three they're just afraid.
They're just afraid that this government.
This federal government wants to intrude -- life.
And so what you had -- the power shift.
From elected officials from local state and local governments to regulators.
Faceless name was folks -- -- -- time I've got to comply but why would they come to you to be charged.
What didn't you gonna charge in the event didn't and you'll gonna tellem.
While it's on sudden Obama camp uncertainty in taxes and you're afraid of what's coming down the pike and there's nothing you can do you can't do anything about those three very low there when you -- and I'm I'm charging them.
But put a -- my interest first Erica Stuart we can help them we can help them navigate through some of that but the uncertainty is still -- I cannot poll.
The uncertainty away to allow for -- my client to feel comfortable enough to expand his.
His business -- you've got your finger on the pulse of Florida who wins Florida Romney.
Definitely absolutely.
Want to say that request but two things one organization the Republican Party is a watch from a statewide down there because of all the governor and the legislature.
And but Romney has to work hard and secondly I think there is a hidden a hidden issue here that that the -- -- his position with respect to Israel.
And his kind of frost relational and -- Benjamin Netanyahu.
Will convert some strong democratic.
Older Jewish voters particularly in South Florida and member.
For every one of those who switch in votes -- Romney that's really -- for Stewart -- -- Ed Pozzuoli we appreciate -- being with -- coming -- is against thank you.
