Jeb Hensarling: “Well, this is an excellent line of debate that the gentlewoman is developing here. And again it is very important that…”

“Well, this is an excellent line of debate that the gentlewoman is developing here. And again it is very important that the American people know this week we do not have a bill on the floor to provide tax relief for the American people. We have a bill on the floor to prevent a Democrat tax increase. There will be an automatic tax increase on the American people if we do not pass this legislation, and one of the things that we will lose is the ability of small businesses to expense what we call depreciable assets up to $100,000. Now, before I became a Member of Congress, I was a small businessman. I have gone out there, I have rolled up my sleeves, and I have risked capital. I have signed the front of a paycheck. I helped start a business that had a dozen employees, and it was not easy. It was not easy. We could not have started that business without capital. Yet the Democrats want to take away our ability to form capital and create small businesses, which is the job engine of America. That is where all the new jobs come from, is small business. Now, what is going to happen if we lose this? Let me give one example, one story from my congressional district. I am very proud to have the ability to represent the Fifth Congressional District of Texas. It starts in east Dallas and goes through great communities like Mesquite. It takes in rural east Texas, which is a wonderful place to live and raise a family, but sometimes a tough place to make a living.…”