On the recordJune 12, 2014
Small business can have full confidence that this provision will be extended--period. Indeed, the fact that I have voted for it many times in the past, as pointed out, is confidence that it will be continued. As to the suggestion that we have made to continue it for 2 years, we are already well into the first year, and if we don't act until the end of the year and extend it for 2 years, that would be another one not even for another full year, but there would be a 2-year extension. So small business can be fully confident this will be extended. There is no threat to it. There is zero threat to its extension. When it was said earlier by the chairman that small business can have no idea as to whether this will be extended next year, that simply is not correct. The Senate has before it a bill to extend it for 2 years. At some point, that will pass, and that is the bill that will be taken up in the House. The chairman did extend permanently this provision--not many others. He paid for that. The chairman extolled the fact that he paid for it, and now they have gone in reverse and now suggest that we proceed unpaid for permanently. The cost of this is far different than a 2-year extension, as I have mentioned--far different. We are talking about over $70 billion compared to a few billion dollars.…





