John Kerry: “the Senate is on the verge of passing the Small Business Jobs Act which has been many months in the making and has been…”

“the Senate is on the verge of passing the Small Business Jobs Act which has been many months in the making and has been debated on the Senate floor for numerous weeks. I commend Senators Reid, Baucus, and Landrieu for their tenaciousness in pursuing this legislation. It is essential we help small businesses attain the investment and capital necessary to create jobs and grow our economy. Small business growth is critical to restoring our economy. Over the past 15 years, small businesses have created two-thirds of all new jobs. Unfortunately, small businesses have been hit hard by the recession--losing more than 6 million jobs since December 2007. The Small Business Jobs Act provides the long overdue assistance to small businesses that will help create as many as 500,000 new jobs. To assist small business owners and their employees, the Small Business Jobs Act will create jobs through a combination of much-needed tax credits, enhancements to Small Business Administration, SBA, lending programs, and the development of new community bank lending facilities.”