Political Quotes

On the recordJuly 12, 2012
I am reminded today of the old saying that we campaign in poetry but we govern in prose. We are in the midst of a campaign season when we hear a lot of rhetoric perhaps posing as poetry, but we have an obligation to govern. I rise today in support of S. 2337, which is most certainly simple, straightforward prose in dedication to the art of government. It is the Small Business Jobs and Tax Relief Act. It is about as simple and straightforward as it possibly could be. It has two compelling, concise concepts. The first is a tax credit of 10 percent on new payroll. It can be either new hiring or increased wages in 2012 as compared to 2011, and it is capped at $500,000--pretty simple, straightforward prose in aid of jobs, in aid of employment. It also extends for 1 year the 100-percent bonus depreciation allowance to stimulate economic investment--again, to create jobs. It is a very simple and straightforward extension of the accelerated depreciation that boosts gross domestic product and will benefit 2 million businesses--it is estimated 2 million businesses--most of them small businesses across the United States. In fact, this measure is very specifically targeted and aimed at small businesses creating jobs. They are the backbone of our economy. They are the source of the majority of new jobs. It economizes, very prudently and practically, the aid that is designed to boost new jobs, as well as overall output in our economy.…
Said by
Richard Blumenthal
Democratic · Connecticut
Source
govinfo.gov
Jul 12, 2012

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