I rise in support of the Small Business Jobs Tax Relief Act, which, when merged with the Small Business Jobs Credit Act, will increase lending to small businesses, will expand entrepreneurship, and will put Americans to work. The bill offers small businesses additional capital through capital gains tax cuts, relief from onerous tax penalties, and expanded deductions for start-up costs. It provides funding to create a small business lending pool which will make loans available to small businesses through our smaller community banks. This pool will provide small business access to much needed capital to acquire new equipment, to renovate, to make energy-efficiency improvements or for other business growth opportunities. It is hard to overstate how important access to capital is for small business, so this action is critically important. All of these comments demonstrate the wisdom of the action that we are taking today to support small business growth.
Editor's note · Context
The speaker is addressing the importance of the Small Business Jobs Tax Relief Act for economic recovery.
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