This is CBS I in the world with Gene Marks. I'm John Bachelors.

We turn to Gene for his comments about the Biden administration's regulations and its

budget. First, the budget gene. The president's budget is a political statement. He's preparing

to run for reelection. Good for him. In general terms, raising taxes on the well to do in

order to offset some of the burden of Medicare, which can be extended. And at the same time,

the president says he can reduce the deficit. Now, these are all different directions. Is

there a way to translate all that for small businesses? Study as she goes, find good workers

and hold on. No bad news here. Yeah, I've got three three messages for small business.

First of all, number one is that this isn't going to happen. I mean, the federal budget,

you just said it's a positioning tool. It'll never pass the Republican control house and the

split Senate. So whatever is being talked about with his proposals, it's not going to impact

your business at all. He's just setting himself up and creating the playbook for his reelection

campaign in 2024. And like you said, good for him. However, having said that, you know where

he stands, when it comes to raising taxes, his two big things or as biggest things raising

taxes on the wealthy and increasing corporate taxes as well. And I said this for years, too

many small businesses in this country, and I'm one of them, we rely on the wealthy and big

corporations for a lot of our work. Many small businesses provide services for big corporations,

anything from landscaping and marketing. And many small businesses serve the employees

and households, not only in contracting, but selling them pizzas and having them come into

their dress shops. So, you know, when you take money away from the wealthy, when you tax them,

when you make it an unfriendly environment, that has a trickle down effect on a lot of small businesses.

So that's number one, my number one concern. Number two is this part of his proposal to attack

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