Yet, according to an AP story this morning, that is looking like yet another empty promise. According to the story, a furniture supply store owner in Springfield, IL, Zach Hoffman, was confident he qualified for the new small business tax credit. Yet buried in the new law's fine print was language disqualifying his 24 employees from this needed help. According to the law, Mr. Hoffman created too many jobs to get help, and he paid them too much, even though his average employees only made $35,000 a year. Mr. Hoffman called this a bait and switch and noted that in order to get the most out of the new credit, he would have to cut his workforce to 10 employees and slash their wages. "That seems like a strange outcome," he said, "given we've got 10 percent unemployment." Speaker Pelosi told Americans we had to pass the health care bill so we could know what was in it.
On the recordMay 20, 2010
Editor's note · Context
The speaker addresses issues with the new health care law and its impact on small businesses.
Share
More from Harry Reid
Sep 30, 2021
The campaign financing is the root of all evil in Congress. It’s very, very bad. And we need to start with something very simple, be done with a simple majority.
Dec 28, 2021
The United States is a country that people look to with envy because of our two-party system. It`s worked out well. I believe in the two-party system. The Republican Party, the Democratic Party is good for this country. Donald Trump has…
Dec 28, 2021
But the purpose of politics that Harry Reid understood very well is to get stuff done.
Jun 27, 2022
The portraits of Senator Harry Reid and Senator Ted Stevens are the first additions to the leadership series since 2011.





