Mark Kennedy: “I think that is a big issue we are dealing with. There are two different world views. There is a world view that says…”

“I think that is a big issue we are dealing with. There are two different world views. There is a world view that says having the government spend more creates jobs, with the idea that somehow we here in Washington know how to do that. As a businessman, I can tell you, this is not where the jobs are created. They are created back home by small businesses. I would like to go back to the facts, because so often much of the rhetoric on the other side is lambasting the job creators and lambasting any efforts that we have to encourage those job creators to create jobs. That is what this bill does. If you think about what bonus depreciation does, going from 30 to 50 percent bonus depreciation, the extra ability to expense immediately investments in equipment that drives jobs, that is critical to providing those jobs. Also the bill that we passed last week will increase the amount that small businesses can deduct from $25,000 to $100,000, the amount they can deduct in the first year. This is so vitally important. As I talk to so many small businesses around the State, they tell me this is something that can get me to go out and buy that piece of equipment that will allow me to add jobs to my business.”