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North Carolina’s small businesses can’t afford Romney-Ryan Economics

Rasheeda left a career in banking to find a way to give back to the community where she grew up. She now owns a property development company in Charlotte. Hasan joined our Romney-Ryan Economics bus tour on the UNC Charlotte campus—because she says small business owners can't afford Mitt Romney's plan to raise their taxes.

Small businesses are the backbone of our economy. They create two out of every three jobs in the United States and, in North Carolina, small businesses make up 98 percent of all employers.

Rasheeda left a career in banking to find a way to give back to the community where she grew up. She now owns a property development company in Charlotte. Hasan joined our Romney-Ryan Economics bus tour on the UNC Charlotte campus—because she says small business owners can't afford Mitt Romney's plan to raise their taxes. Here's why:

"When I see President Obama, I see a leader who understands people like me—the small business owner who is essential to the success of our towns, cities, state, and our country. President Obama understands that, and I know he's got my back.

"I don't think Mitt Romney has that same understanding.

"The Romney tax hike on the middle class would put 840,000 North Carolina small business owners earning under $200,000 at risk of facing a tax increase of more than $500. That's $500 that goes toward paying my electric bill, my water bill, and giving my employees a raise. Romney is still convinced that tax cuts for millionaires and billionaires are going to trickle down to the small business owners making less than $200,000 a year. But that's exactly the wrong formula for small business owners like myself who are trying to make ends meet and grow thriving businesses.

"North Carolina sent President Obama to the White House in 2008 because we knew he was going to be a fighter for us, for our families, our small businesses, and our economy. That's what he's done for us. And we're going to work every day between now and November to ensure he continues to fight for North Carolina families and our economy."