Political Quotes

On the recordJuly 29, 2010
both parties claim they are friends of small business. This bill gives Members of both parties the opportunity to prove it. This is not just talk. Listen to what this bill has in it. This bill is called the Small Business Jobs Act of 2010. There is a small business access to credit provision. SBA estimates the loan limit adjustments will increase lending to small business by $5 billion within the first year of its enactment. This is a bipartisan provision: Landrieu-Snowe. Small business trade and export promotion: It is believed this will save and create as many as 50,000 jobs this year. Small business contracting: Increasing contracts to small business by 1 percent could create more than 100,000 jobs. This is bipartisan: Snowe-Merkley, Landrieu-Snowe, Landrieu-Crapo-Risch. Small business management and counseling will create or save more than 10,000 jobs in 2011. It is bipartisan: Snowe-Landrieu. Small business disaster loan improvements: This is also supported by Landrieu and Nelson of Nebraska. This is not bipartisan, but everyone knows these two Senators work on a bipartisan basis on virtually everything they do. Small business regulatory relief: This is bipartisan: Snowe-Pryor. Exclusion of capital gains tax: This allows investors in small businesses to take a 100-percent exclusion from capital gains tax on small business investments made this year. It is bipartisan: Kerry- Snowe-Menendez.
Said by
Harry Reid
Democratic · Nevada
Source
govinfo.gov
Jul 29, 2010

Editor's note · Context

The speaker discusses the provisions of the Small Business Jobs Act of 2010 and its bipartisan support.

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