The share of income that small business people are paying in taxes is the lowest it has been in 65 years - since Obama has cut taxes 18 or 22 times for small business.
Austan GoolsbeeIf a lobbyist sets up shop, or a lawyer, in which they're receiving income through what is something like a tax loophole so that it's not counting as corporate income, that is what this is counting as a small business.
Austan GoolsbeeI think actually the American people are pretty realistic. In polls they ask what do you think of the president's policies. Is he on the right track? They say yes. They ask them how long will it take for the economy to recover. And people are saying two years.
Austan GoolsbeeFor policy makers interested in using tax policy to stimulate investments or especially to smooth business cycle fluctuations, the results are not promising.
Austan Goolsbee