The primary reaction I have after watching that video is sadness.
I think maybe simpleton is too harsh a word but the man is definitely horribly naive. Federal taxes are at a historically low point. This IS truth and fact. All the obfuscation and double speak on fake news talk TV and radio will not change that. The man in the video does hit upon an important point. For a segment of small business owners the FACT that tax rates are low do them little good because other costs like energy and health care are rising. The man is afraid or at least that is how he comes across to me. And he should be but not for the simplifications he gives in the video. There is a reason why those costs are rising and why our government appears powerless to do anything about it.
I am going to provide my own link to a video. You may have to copy and paste to watch it as my proxy does not always allow for direct links.
http://www.youtube.com/watch?v=k5kHACjrdEY
I urge the OP to watch it all the way through. You seem like the sort who can appreciate and actively listen to another person's point of view.