Political Quotes

“What I found interesting was our commitment to small business in the stimulus package. I think that too often small business is overlooked and forsaken for the big, megacorporate folks who are always getting the tax breaks. But this stimulus package also takes into account our small business, our ``mom and pop,'' our emerging new start-ups and other organizations in our communities. The plan will double the amount small businesses can immediately write off their taxes for capital investments made in 2008 from $125,000 to $250,000, and for purchases of new equipment up to $800,000 from $500,000. And that's significant because with the cost rising for materials, and there is a rising cost for oil, and people don't recognize what the rising cost in oil alone does to small business, particularly for those who have to have their goods or their services trucked or shipped. All of that goes into the bottom line of someone who is trying to operate a small operation. It also provides immediate tax relief for all businesses to invest into new plants and equipment by speeding up the depreciation provisions so that firms can write off an additional 50 percent off of investments purchased in 2008. That is extraordinary. That is extraordinary because, again, because small business is really saddled with the weight of an economy that has been skyrocketing, particularly with the cost of oil and with the cost of doing business overall just escalating each and every year.”