Ed Royce: “I think the gentleman is probably right, history does record when there are incentives for job creation in the private…”

“I think the gentleman is probably right, history does record when there are incentives for job creation in the private sector, that is when real jobs are created. One of the provisions in the House bill that we passed over to the Senate was one that would allow when small business entrepreneurs buy new equipment, to take your example, the restaurateur, if he expands and puts in a new broiler, he would be able to deduct that expenditure more rapidly. He could depreciate that over 3 years. So as a consequence, there is an added incentive in this bill for business to go out and purchase equipment. That helps create more jobs in the manufacturing sector.”