Gerald Weller said "Seventy-nine percent of those who benefit from the rate reduction at the top bracket... are self-employed entrepreneurs and small business people. They are not rich people. These are folks down on Main Street. They are real people that work hard, struggle to employ their neighbors and, of course, benefit when we lower the tax rate because, frankly, making permanent the Bush tax cut is also good for the economy. One thing I have heard time and time again from businesspeople and entrepreneurs and small businesspeople and farmers is that when they know there is a provision in the Tax Code that affects them and it is permanent, they are more inclined to make long-term investment decisions. When the consequences are short-term, they are hesitant. So if we really want to get this economy moving again, it is one more reason to make permanent the Bush tax cut." @ PoliticalQuotes.com

On the recordApril 16, 2002

Seventy-nine percent of those who benefit from the rate reduction at the top bracket... are self-employed entrepreneurs and small business people. They are not rich people. These are folks down on Main Street. They are real people that work hard, struggle to employ their neighbors and, of course, benefit when we lower the tax rate because, frankly, making permanent the Bush tax cut is also good for the economy. One thing I have heard time and time again from businesspeople and entrepreneurs and small businesspeople and farmers is that when they know there is a provision in the Tax Code that affects them and it is permanent, they are more inclined to make long-term investment decisions. When the consequences are short-term, they are hesitant. So if we really want to get this economy moving again, it is one more reason to make permanent the Bush tax cut.

Said by

Gerald Weller

Republican · Illinois

Source

govinfo.gov

Editor's note · Context

Discussing the benefits of making the Bush tax cut permanent for small businesses and the economy.

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