Nancy L. Johnson: “this is truly a great day for the American people. This is a good bill but it is a result of outstanding leadership. Let…”

“this is truly a great day for the American people. This is a good bill but it is a result of outstanding leadership. Let me make plain that as one of those who supports increasing the minimum wage, I feel honored to stand here today in support of a bill that not only does that but recognizes the ramifications of increasing the minimum wage on our society and protects, for example, job opportunities for teenagers in the summer, and protects small businesses by giving them a series of preferred tax treatments to lower their costs of doing business. This bill opens up pension opportunities for employees of small businesses. It dramatically helps women. For the first time it puts in the law the legislation we need to give women who stay home and take care of the children the same IRA rights as anyone else in America. This is a sea change. This is good legislation. This is about equality for all of us. This is about building a strong future for the families of our Nation. Mr. Speaker, there is also a very important provision that we have worked on for many years, giving our small businesses greater expending rights so that they can expense out the costs of machinery and equipment, computers and so on, and add more jobs, grow more rapidly.”