Obama stepped in it BIG TIME...poor thing
Snip:
Owners of area firms offer examples of government making their jobs harder.
THE ORANGE COUNTY REGISTER
Eleven Southern California business owners met this week with Mitt Romney, the presumptive Republican presidential candidate, at a Costa Mesa manufacturing plant. On the wall behind Mr. Romney's chair hung a large banner that read, "We did build it!" – with "did" underlined for emphasis.
The banner underscored how out of touch President Barack Obama seems with what makes the American economy work. The business owners echoed the ire of those nationwide who do understand what makes the American economy work. Their words Monday in Costa Mesa directly refuted the president's now-infamous campaign utterance of last week: "If you've got a business – you didn't build that. Somebody else made that happen."
Eleven Southern California business owners and executives met with Gov. Mitt Romney, the presumptive Republican presidential nominee, at a small business round table hosted by Jim Burra, president of Endural LLC in Costa Mesa on Monday.
Mr. Obama appears to sincerely believe government is required for businesses to flourish. Consequently, he demands that more of their profits – and even of their sales – be transferred to the government in taxes. As business owners meeting with his Republican opponent illustrated, the president is wrong.
The owners who met at Endural LLC in Costa Mesa took turns detailing for Mr. Romney what doesn't work. They itemized the Obama administration's regulations and taxes.
The CEO of Irvine's Endologix described how his not-yet-profitable 400-employee medical-device firm nevertheless faces a 2.3-percent tax in 2013 under the Affordable Care Act, basically, a $1 million obligation. The tax is based on sales, not profits, as are most business taxes. It is likely to cost his company 50 jobs.
The president of 200-employee Ace Clearwater Enterprises manufacturing in Torrance, founded by her grandfather, said taxes put companies like hers at a 20-percent cost disadvantage in nine major trading-partner countries. Her S-corporation passes profits through to its owners to be taxed as individual income, the type the president wants to raise Jan. 1.
all of it here
Editorial: Business owners make case to Romney | business, president, taxes - Opinion - The Orange County Register