On the recordApril 9, 2014
I thank the ranking member for yielding, for fighting, and for being a real fiscal leader for small businesses in this country. Mr. Chairman, I rise in strong opposition to this budget. Far from being a path to prosperity, it is actually a path to the poorhouse. Sadly, just as it falls short in so many other ways, the Ryan budget clearly fails small businesses. Under this budget, resources that help small companies launch, grow, and hire will be cut by nearly $11 billion. A wide range of resources will be gutted--from contracts, to access to capital, to international trade assistance, to job training. This budget is not the right budget to help those businesses that are the backbone of the American economy at a time when this economy is still struggling. Studies have shown that many of these small business programs generate more than $3 in Federal revenue for every dollar spent. What type of economic policy says that you cut programs that generate income for the Treasury? The CHAIR. The time of the gentlewoman has expired.
