E. Clay Shaw, Jr.: “Ms. Norton, am I correct in saying that what you are talking about is the biggest tax increase in the history of this…”

The S Corporation Revision Act of 1999 is targeted to these small businesses by improving their access to capital, preserving family-owned business, and lifting obsolete and burdensome restrictions that unnecessarily impede their growth.

Well, I think there has to be a safety net, and there must be--and I think that is what we are supporting on our side. One of the problems, and the problem that we really have not--not approached here as a Congress is the question of male…

This bill would remove this obsolete prohibition and also provide that S corporations can attract needed financing through convertible debt.

Well, let us mark that down because we are going to work together to see that there is male responsibility. It is time that the men of this country learned that they have a responsibility for raising these kids, and we, as a Federal…