Reuters: Regulatory News: UPDATE 1-At fundraiser, Romney says 'big business is doing fine'

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UPDATE 1-At fundraiser, Romney says 'big business is doing fine' Aug 24th 2012, 03:19 Thu Aug 23, 2012 11:19pm EDT MINNETONKA BEACH, Minn. Aug 23 (Reuters) - Republican presidential candidate Mitt Romney appeared to parrot a line used by President Barack Obama that Romney has repeatedly targeted on the campaign trail. Speaking at a fundraiser, Romney said that "big business is doing fine in many places," a remark that sounded similar to Obama's now infamous proclamation that "the private sector is doing just fine." The Republican candidate also waded into a discussion of offshore tax havens, a point of criticism that Democrats have seized upon to assail Romney for his offshore holdings in places like the Cayman Islands. Romney told the audience small businesses are struggling to deal with the regulations Obama has put in place. He said it is small businesses that are being "crushed" by the Obama administration. "Big business is doing fine in many places," Romney said. "They get the loans they need. They can deal with all the regulation. "They know how to find ways to get through the tax code, save money by putting various things in places where there are low tax havens around the world for their businesses." In his remarks, Romney promised to champion small businesses as part of his five-point plan to ignite the American economy.

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