Last week, this Chamber passed another measure to move America's small business forward, the backbone of this country. The Small Business Jobs Act provides $12 billion in tax cuts for America's small businesses and creates a $30 billion lending fund to increase available capital and spur small business lending right here in America and not overseas. This bill was one of many that congressional Democrats worked on to provide relief for hardworking Americans. That is why we passed the Recovery Act, which boosted SBA funding to authorize loans. That is why President Obama has already signed into law eight separate small business tax cuts. Republicans don't seem to get it. Instead of working for the people, they would rather work to obstruct and continue to be the Party of No. On the other hand, congressional Democrats and the President have constantly supported the American economic backbone. We didn't create this economic mess, but I am confident that we will be the ones to lead us out of it.
Editor's note · Context
The speaker discusses the Small Business Jobs Act and its impact on small businesses in America.
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