I thank the gentleman for yielding. Madam Speaker, small businesses create the majority of new jobs and their growth is America's best ticket to economic recovery. But today our small businesses are finding it difficult to keep their doors open. Since the end of July, I have held 14 town hall meetings, two job fairs, two small business grant supermarkets and several tours of area businesses. In just a few short months, I have had conversations with thousands of business leaders and have asked them what they need to become stable again. Not once did business leaders come to me asking for a $30 billion bank bailout. What they do want is crystal clear. They want government to get out of the way. They want Washington to quit burdening them with higher taxes, new bureaucracies and excessive regulations. They want Washington to stop throwing taxpayer money at the problem with failed spending. They want incentives so that they can have certainty in the business climate so that they can anticipate their cost, to invest wisely and start hiring again. The most important thing for small businesses to give them certainty is extending all the tax cuts. Instead, this bill sets up a mini-TARP bailout, sending $30 billion to banks that promise to improve lending. Rather than telling businesses what they want, let's listen to what they really need.
On the recordSeptember 23, 2010
Editor's note · Context
Speaker Biggert addresses the challenges faced by small businesses and their need for government support.
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At this time, I yield 2 minutes to the gentleman from Illinois (Mr. Dold), a member of the committee.





