"If you're going to go increase taxes on small businesses, you're going to slow down the extent to which we're able to reduce unemployment. So I think it's a serious mistake; the wrong time to raise taxes"

In the quote by Dick Cheney, he refutes the concept of increasing taxes on small businesses, recommending that such a relocation would be counterproductive, particularly in the context of decreasing joblessness. This statement is rooted in fundamental financial concepts that associate taxation with service efficiency and employment levels.

Firstly, Cheney presumes that tax boosts on small businesses could prevent their development and functional capacities. Small businesses often run with tight profit margins, and increased taxes could strain their funds. This strain may restrict their ability to purchase service growth, development, and labor force development. In essence, when taxes lower a small company's disposable income, it may not have the required capital to employ extra personnel or purchase initiatives that foster job creation.

Additionally, Cheney implies that keeping joblessness levels low is intricately tied to the health and viability of small businesses. Small companies are a considerable driver of the economy, contributing substantially to task creation. By enforcing higher taxes, these companies may deal with increased operational costs, potentially leading to layoffs or hiring freezes. In this method, the argument suggests a relationship between tax policy and work rates: as companies face greater taxes, the expenses associated with preserving or increasing employment become more troublesome.

Cheney's view shows the belief that economic policy ought to be tactically timed, considering the broader economic context. He cautions that there are times when tax increases can be particularly harmful, specifically during economic healing stages when keeping and growing work must be a top priority. Hence, he characterizes it as a "major mistake", highlighting the potential unfavorable effects on both small companies and wider financial objectives, such as decreasing joblessness.

Overall, the quote encapsulates a perspective that focuses on supporting small businesses and work through thoughtful tax policy, highlighting concerns about timing and financial effect.