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-We know that the road to recovery.
runs through the private sector
We all know that.
We know that
the engines that run the private sector are small businesses.
They play the most crucial role in crafting what our future
will look like.
These are the businesses that employ the entrepreneurs who innovate,
invent,
and invest.
They're the visionaries
who create jobs, cultivate ideas, and encourage competition. -Historically two-thirds of the jobs coming
out every recession
over the last forty years have come from small businesses,
but if those small businesses can't get access to capital
then their ability to hire the next person, buy the next piece of equipment
is going to be seriously undermined.
-So if we're going to get our economy back on track, if we're going to create jobs
it's going to be because
we give small businesses the tools that they need.
That's why,
right now it's critically important that we do more.
There's a big barrier that stands in the way of small businesses.
There's still gaps in this recovery for small businesses,
and that comes in access to capital.
Now it's time to get small business engines going. The engines of job growth in America,
and this bill
will have a great deal to do with whether we're successful are not. -This legislation
will allow us to grow
and to hire as it relates to small businesses.
We're going to keep cutting taxes, making it easier to get loans and helping small business
write off their investments.
We're going to keep putting people back to work,
but it doesn't happen automatically,
government must be involved.
More than any other part of our economy, small businesses
fuel our growth. I repeat that.
So we in return must help nurture the small businesses.
We should be making it easier for them to hire and to succeed,
not harder.
-Now not every business in America
in needs more money but some of them do.
So let's just assume
if half of them we just hire one more person that three point seven million jobs that could
be created.
This bill helps to do that,
by lowering taxes,
expanding their loan limits,
allowing them to go, not to the big banks,
but to the small banks right in their community for lending.
-Very importantly for the twenty two million self-employed, for the first time
there is tax equity for these twenty two million for some of the self employed entrepreneurs for the
money they spend on insuring themselves with health insurance.
All the big businesses already get this, this has been denied to the smallest... small businesses,
and this is in this package.
There's also
export, a promotion support and %uh support for business expansion incentives. -So this
menu of options:
tax wise, SBA wise, lending wise,
we think will jumpstart the kind of job creation that
I think small businesses ready do too,
if we could just send the signal and I would hope that %uh our colleagues on both sides of
the aisle
will join together to get this done. -It's unfortunate it's running into some partisan roadbumps and i wanna
say the package that came out of the small business committee came out
seventeen to one,
eighteen to zero,
we had bipartisan support. So I'm not sure what the holdup is because everybody's got
to understand whether a democrat or republican, that it's the
small businesses in America that are going to lead us out of this recession.