Mike Pence: “Mr. Speaker, each year for the past 38 years the President has issued a proclamation calling for the celebration of…”

“Mr. Speaker, each year for the past 38 years the President has issued a proclamation calling for the celebration of National Small Business Week. National Small Business Week, which is sponsored by the SBA, is being held this week. We honor the estimated 25.5 million small businesses in America that employ more than half the country's private workforce and create three out of four new jobs, and generate a majority of American innovations. As chairman of the Subcommittee on Regulatory Reform and Oversight, I would like to lay out the principles that I believe should inform this body's agenda for our Nation's small businesses. First, we need tax relief for small business owners. The House has taken a step in the right direction in passing a fiscally responsible budget that leaves room for tax relief. Contrary to what our opponents charge, cutting rates in the highest income tax brackets does not yield benefits just for the wealthy. Most small businesses pay taxes as individuals. Sixty-three percent of tax filers who will benefit from the top rate cut are small business owners who will likely reinvest their money in their businesses.”