On the recordApril 19, 2012
Thank you, Mr. Chairman. Mr. Speaker, I am intrigued by my colleague's comments a few minutes ago about how we need to support this substitute to help small businesses and all. Yet what troubles me is, first of all, it's highly complicated. It further complicates the Tax Code. The real beneficiary will be your accountant because you've got to go through all of these machinations to figure out which side of this you qualify for. At the end of the day, according to the Joint Committee on Taxation, because of the imposition of the additional restrictions called for by the Democrats in their substitute, which we're debating at this moment, the entire relief would be something on the order of $287 million nationwide to small businesses. So there is your alternative. You've got the Democrats saying, boy, according to Joint Tax, $287 million. Oh, that's going to solve the problem this year. That's really going to help. We're saying, no, we want to do something that really affects small businesses, middle class small businesses--people like my wife and me when we were in small business and worked with other small businesses in small communities.…





