Dave Camp: “I would just say to my friend from Michigan, yes, there is a Senate bill. It is a bipartisan bill that extends many tax…”

“I would just say to my friend from Michigan, yes, there is a Senate bill. It is a bipartisan bill that extends many tax policies. And guess what. It is not offset, because it has never been offset. And I would just remark that my good friend from Michigan has voted to extend this exact policy unoffset for 12 years. So I know the gentleman referred to ``hypocrisy.'' Let's talk about honesty. Let's be honest about this. This policy will not be offset. Let's give some certainty to the small businesses in America. Let me just say that I appreciated his comment that the economy needs help. With negative GDP growth in the last quarter, a contracting economy, certainly we do. With more kids living at home with their parents than ever before rather than pursuing careers, with median incomes declining, yes, we certainly do. Let me just say, small businesses and their workers, they are hit hardest by the burdens and regulations of an overly complicated Tax Code. Tax compliance costs are 65 percent higher for small businesses than for large businesses, costing them $19 billion a year. We need small businesses doing the best they can, creating jobs and growing our local economies, not buried under mounds of paperwork. The bill we have before us today is the right step forward to level the playing field between small businesses on Main Street and big businesses.…”