A Quote by Mitt Romney
Twenty five years in business, including business with other nations, competing with companies across the world, has given me an understanding of what it is that makes America a good place to grow and add jobs, and why jobs leave America - why businesses decide to locate here, and why they decide to locate somewhere else.
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The United States of American business pays the second-highest business taxes in the world, 35 percent. Ireland pays 11 percent. Now, if you're a business person, and you can locate any place in the world, then, obviously, if you go to the country where it's 11 percent tax versus 35 percent, you're going to be able to create jobs, increase your business, make more investment, et cetera. I want to cut that business tax. I want to cut it so that businesses will remain in the United States of America and create jobs.
You go ask any founder of any company why he or she did it, you will never hear, "I wanted to create jobs for the community" as the number one, number two, number three, number four, number five, number 10 reason for doing so. That is a result of the success the business enjoys. Creating jobs is not why people start businesses. Creating jobs is not how people innovate in business. It's not how they compete.
Our party [Republicans] has been focused on big business too long. I came through small business. I understand how hard it is to start a small business. That's why everything I'll do is designed to help small businesses grow and add jobs. I want to keep their taxes down on small business. I want regulators to see their job as encouraging small enterprise, not crushing it.
My own experience, though, as a business executive and as a governor, tells me that businesses are interested in a lot more than a low tax rate when they decide where to locate.
We have many companies, I say pouring back into America. I think that's going to have a huge, positive impact on race relations. You know why? It's jobs. What people want now, they want jobs. They want great jobs with good pay. And when they have that, you watch how race relations will be.
Successfully bringing jobs home requires serious policy and reforms that make America the place businesses want to plant and grow. You can't punish business into doing the things you want.
The reason why it is so difficult for existing firms to capitalize on disruptive innovations is that their processes and their business model that make them good at the existing business actually make them bad at competing for the disruption. Companies in fact are specifically organized to under-invest in disruptive innovations! This is one reason why we often suggest that companies set up separate teams or groups to commercialize disruptive innovations. When disruptive innovations have to fight with other innovations for resources, they tend to lose out.
I cannot for the life of me understand why the American market keeps going up. Our economy has some real challenges. The infrastructure's falling apart. We're destroying jobs with technology. We are keeping the best and the brightest from around the world from coming to America to create new jobs and create new businesses. All of those things would give you pause to worry about the future.
The No. 1 country in the world to do business in is which one? To locate where you want to create jobs, where you want to have a great market? It's Canada. Even in Russia, you can build a Silicon Valley outside of Moscow.
Arizona is now recognized as a premier place in which to locate, expand and grow a business.
I want to help small businesses grow and thrive. I know how to make that happen. I spent my life in the private sector. I know why jobs come and why they go.
No one has yet convinced me a dollar stranded overseas is better than a dollar brought back home here to America for any reasons. So, if a company needs it, whether it's to do research, buy another business in America, grow jobs or try to become more financially strong, that is good for the United States.
As an artist, one doesn't know what is real. And so there's a search and a process of trying to locate something that feels or appears or somehow resonates with us on a deeper level. This is why art is such an interesting business to be in.
When companies are trying to find a state to locate a new business or factory, they look at a number of factors - including tax structure, employment base, infrastructure, education system, etc.
When you locate a bargain, you must ask, 'Why me, God? Why am I the only one who could find this bargain?'
When businesses don't spend and invest, they don't hire and cannot offer better-paying jobs. Business investment and wages are two sides of the same mirror. If a company purchases five trucks rather than 10, there are five fewer trucking jobs.
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