I have improved upon his legislation initiative because I have grandfathered all of these people who are now inadvertently receiving this money. So when someone tells us someone is going to lose money, they are not going to lose money because they are grandfathered. They are going to continue to receive the inadvertent increases that they presently receive. They are grandfathered. Not only are they grandfathered, I improved the legislation because I made it very clear that they cannot dismiss someone to get around and have some kind of a loophole. So it is improved legislation. But there were 67 Democrats, there were 90 Republicans that sponsored that, and we have a whole history of what the committee said. The committee said the act is to create a more uniform small-business exemption. This was not a committee under Republican leadership, this was a committee under Democrat leadership. And it says the act is to create a more uniform small-business exemption. Small enterprises whose total volume of sales or businesses do less than $500,000 would no longer be covered.
Editor's note · Context
Discussing improvements to legislation regarding small-business exemptions.
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