As President Obama paid a visit to North Carolina to promote his American Jobs Act, the head of the U.S. Small Business Administration said the agency staunchly supports the President's new jobs plan. Karen Mills said small businesses started to pull back from hiring in the middle of the summer.

Mills said her office reached out to businesses.  "So we said to them what's the most important thing you need and they said a tax credit that comes into my hand week by week, month by month, I don't want to wait until the end of the year, I have more cash so I can go out and market more, get more business so I can go out and hire that next person," said Mills.

She added that the America's Jobs Act includes language that gives unemployed workers a chance to start their own business. "We made sure that unemployed workers had more ability to start their own business and certain benefits are going to be available to them, including more tax credits for starting your own business."

Mills said that small businesses create two-out-of-every-three jobs, much more than the government.