As a successful entrepreneur and small business owner, I have experienced the impact that government policies have on businesses and the lives of everyday people. And with my experience working with venture capitalists and angel investors, I have seen how entrepreneurs with big ideas can jumpstart a local economy.
Small businesses are the lifeblood of our economy, with half of the employees in this country being employed by a small business. Entrepreneurs make investments that expand and create new businesses which support job creation and economic growth. Yet instead of supporting them, our government seems to be doing everything it can to stifle the entrepreneurial spirit and keep people from achieving the American dream.
Larger government stymies small business through over-regulation and an ever-increasing tax burden. When small business owners face government headwinds or greater taxation, they are less likely to invest in new businesses, expand to new locations, or grow additional jobs. This a huge loss for our communities.
To help cultivate small business and job growth, we need to get government out of the way. Businesses have a better chance to thrive and create wealth and opportunity when they are not artificially burdened by government. All they need from their government is stability and predictability, as entrepreneurs are more likely to take a risk when they see a stable government and environment functioning as expected. We must make the environment as conducive as possible for our entrepreneurs to take risks and foster new jobs and economic growth.
In our 10th District, I will be a leader that is pro-business and pro-competition. This district is unique, with some of the largest corporations in the world as well as small businesses and mom-and-pop shops. I will strive to clear the way for the activities of the talented people of the district, helping where and when I can. I will work in Washington to ensure a climate where more small businesses can be born and flourish in the world economy. I will fight to reduce taxes on families and businesses to energize our economy and improve our international competitiveness.
With this economic growth will come more jobs for the hard-working people of the 10th District. The Chicagoland area is known for the quality of our workforce, combining the energy of an urban environment with our strong Midwestern work ethic. As we bring more opportunity to this area, that means better-paying jobs and more opportunities for professionals looking to progress in their careers, parents struggling to take care of their families, graduates looking for a place to put down their roots, and kids looking for their first job.
To further support our families and job creators, we have to stop increasing taxes and taking more of their hard-earned money. As government spending continues to increase, taxes go up, and yet it never seems to be enough. Taxpayers rightfully wonder why they have to keep paying more to receive less, while over 10% of their tax bill goes to China to service debt. We pay $25 billion per month in interest, the penalty for overspending in prior years.
We must change our approach to budgeting and how we tax and spend. Our government spends heavily, then taxes us based on how much they spent. Instead, it should determine the optimal taxation levels and then prioritize spending based on what is available. I will be a champion for common sense balanced budgets. I will change the discussion from spending amounts of money to spending percentages of total revenue. I will demand balanced budgets, spending caps, and a plan to finally begin reducing our massive national debt.