I think I was pretty clear about that. The answer is yes. Because we raise the threshold from a half million, small business, to a million. As I said before, the half million threshold was set in 1990. It has not been indexed. I hear a lot of comments about why we should index things here. We should index the minimum wage, we should index a whole host of other things that have the benefit of, in this case, increasing workers' pay. If that is the case, if we thought $500,000 was a legitimate threshold in 1990, I don't know why it should not be indexed to include in real terms that same class of small businesses at this time.
Rick Santorum: “I think I was pretty clear about that. The answer is yes. Because we raise the threshold from a half million, small…”
On the recordMarch 7, 2005
Source
govinfo.govEditor's note · Context
Discussing the need to index the small business threshold for inflation during a debate.
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