Instead of reasonable regulations, Smith says, the Obama administration has "gone to excess, and they are just strangling business. We have to spend so much time just asking, 'Are we in compliance?' instead of producing and expanding."
Welch said that the current tax code punishes small businesses, and that there are too many loopholes for large corporations (he made a few references to GE paying 0 percent taxes throughout the debate).
In closing remarks, Sestak repeated his people approach in this election. "It is we the people. Not we the corporations; nor we Wall Street."
I have a plan to take away $55 billion of the giveaways and the subsidies that the president and Congress have lavished on the drug companies and the oil companies and the insurance companies and Wall Street. And I have a plan to give that money back--give it back in tax cuts to the middle class--to people who deserve it, who have been struggling under this president, who feel invisible, who feel like they’re not even seen anymore.
Now, obviously, I can’t do this alone. I can only do it if I get people who believe in me and support me and who look at my track record and know that I’ve spent a lifetime trying to empower people, trying to fight for them.
And I will turn this economy around. We will get back to shared prosperity and we will see once again that we can do this the right way so it’s not just a government of the few, by the few and for the few.
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