Political Quotes

“Mr. President, reserving the right to object, I first commend my friend from Utah for speaking about small business. This is something that we share a very strong passion regarding. In fact, we are operating right now under some small business reforms that have already been passed this year and a 5-year net loss operating carryback--not the 10 years my friend has talked about, but we have begun that with 5 years. The section 179 expensing was passed in the jobs bill, which is very important. I am hopeful we will be able to join together on a bipartisan basis when our leaders bring to the floor a small business bill that will exempt capital gains for small business, increase the availability of loans, and that we might work together on the other provisions that my friend has suggested from his bill. At this point, I will object but look forward to working with him on these very important measures. The PRESIDING OFFICER. Objection is heard.”