Political Quotes

On the recordSeptember 6, 2016
I am so pleased that you brought up this issue of entrepreneurs. I know you often talk about this as something that is very important to you personally and the work that you have done before you came to Congress in New York State with the entrepreneurial activities of that State. But I also note that Secretary Clinton, who was a Senator from New York, perhaps had listened to you during those years, and is carrying in her proposal a very special program for entrepreneurs. I am thinking about a group that I met with in Davis, California, this last year, a group that actually nourishes students that are wanting to start a business. And as you said, coming out of the science or out of the technology or other areas, they come upon an idea where they want to grow a business. Well, Secretary Clinton has loan forgiveness as part of her education package that would forgive $17,500 of their student loans when they begin that business. When they become entrepreneurs and it begins to operate, there is this loan forgiveness. So suddenly they go into a program where they are $17,500 less debt on their balance sheet. An enormous act, an enormous piece of advantage. I am also thinking about--this is not directly to the entrepreneurs, but to home buyers. That student loan prevents people from buying a home because it shows up on their balance sheet and they are not able to get on with it.…
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John Garamendi
Democratic · California

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