Every company in America should be on its knees thanking Jesus for being born. Without Christmas, most American businesses would be far less profitable. More than enough reason for business to be screaming 'Merry Christmas.'
We owe to every businessperson and worker in America the best environment in the world to create a job. We owe that to American businesses. Thirty-five percent corporate tax rate is the second highest in the world. We need to lower it so they don't leave. The goal is to help the middle class.
Last year, Congress passed a law that directs the Federal Reserve to set limits on debit card swipe fees that are reasonable and proportional to the cost of processing those transactions. Like most Americans, I had no idea that swipe fees charged to American businesses are the highest in the world.
For society, the Internet is wonderful, but for capitalists, it will be a net negative. It will increase efficiency, but lots of things increase efficiency without increasing profits. It is way more likely to make American businesses less profitable than more profitable. This is perfectly obvious, but very little understood.
The rapid deterioration of education has been recognized as a national problem for the past several years. Consequently, American businesses must meet the immediate challenge of poorly-educated people in today's workforce by strengthening employee training programs.
Ten percent of American businesses disappear every year. ... It's far higher than the failure rate of, say, Americans. Ten percent of Americans don't disappear every year. Which leads us to conclude American businesses fail faster than Americans, and therefore American businesses are evolving faster than Americans.