On the recordMarch 4, 2010
I would have liked to. But I did want to speak on the legislation because, in fact, this is an important jobs bill. It is one, I hope, of a series of jobs bills that we will pass in the House and in the Senate and get to the President's desk to move this economy forward, to enhance our economic competitiveness and create job growth, help stimulate job growth in the private sector. This bill did pass the House of Representatives by 217-201, and I believe it will be an important step in giving America the tools to jump-start job growth. It provides tax cuts to spur investments by small businesses and it allows tens of millions of new dollars for infrastructure investment. Specifically, this bill will grow small business investments by extending provisions included in the American Recovery and Reinvestment Act that Congress passed in 2009 and which have been very successful in stimulating new jobs. These provisions double the amount that small businesses can immediately expense for capital investments and purchases of new equipment made in 2010 from $125,000 to $250,000.
