Political Quotes

“Reserving the right to object to the modification, let me point out that Senator Toomey's objection to this bill is not only wrong, it is inconsistent. The Senator is not objecting to Senator Risch's bill, S. 552, which is also being considered today. He not seeking to amend it, even though it would increase small business assistance and also require taxpayer guarantee. We have also recently passed bills that increase small business assistance, including Senator Vitter's disaster legislation and an increase to the cap for the SBA 7(a) Loan Program. The fact is that the amendment Senator Toomey is proposing is really not a compromise. Let me take a few minutes to explain why. This amendment would essentially gut the pre-legislation, the 504 refinancing program, and it would prevent it from ever helping small businesses. I appreciate Senator Toomey's experience as a small business owner. My husband and I started out our married life as small business owners. We had a family business. It did very well by us. I learned a lot about the challenges facing small business. One of the major ones is access to credit. What Senator Toomey is talking about would single out this legislation and gut the intent of this legislation, and that is not what small businesses need.…”