Mr. President, I rise to introduce along with Senator Landrieu the Small Business Tax Extenders Act of 2012, that will provide targeted tax relief legislation to small businesses and extend the essential tax relief provisions that were included in the Small Business Jobs Act of 2010, P.L. 111-240. When the Small Business Jobs Act of 2010 was crafted, Senator Landrieu and I worked closely with Finance Committee Chair Baucus, then-Ranking Member Grassley, and now Ranking Member Hatch to ensure the critical small business tax provisions that reflected our shared priorities were included in that legislation. We sincerely appreciate all of their hard work on that legislation. As the former Chair and now Ranking Member of the Committee on Small Business and Entrepreneurship, and along with current Chair Landrieu, we are well aware of the urgent imperative of job creation in our country. According to the Bureau of Labor Statistics, the average annual unemployment rate for 2011 was 9 percent. For the past 3 years, unemployment has been no lower than 8.3 percent, so we are far from where we need to be in a recovery. About 45 percent of the unemployed have been out of work for at least 6 months--a level previously unseen in the 6 decades since World War II. At a time when 14 million Americans are still unemployed, and have been so for the longest period since record keeping began in 1948, our government should be taking every possible step to ease the burden on job creators.…
Share & report
More from Olympia Snowe
Mr. President, I rise in opposition to the motion to table the motion to proceed to H.R. 2560, the Cut, Cap, and Balance Act of 2011. At this critical juncture in our Nation's history, the Federal Government's record of fiscal recklessness…
Mr. President, I rise today to introduce the Harmful Algal Blooms and Hypoxia Research and Control Amendments Act of 2011. This bill would enhance the research programs established in the Harmful Algal Blooms and Hypoxia Research and…
Mr. President, today I introduce the Commercial Truck Safety Act of 2011 to address one of my top priorities, and one of my constituents' greatest concerns in recent years, keeping trucks on the Interstate Highway System whenever and…
Mr. President, I rise to express support for the Republican leader's legislation on a critical issue that addresses the burdensome cost of compliance with the Tax Code. Senator McConnell's bill is modeled after bipartisan legislation…





