Political Quotes

On the recordJuly 10, 2012
I thank the gentlelady from New York for her distinguished commitment and service to small businesses across America. Mr. Speaker, just a few minutes ago, a colleague rose to the floor and called this ``socialism.'' It is not. Many have risen to the floor to talk about how this will impact negatively on small business. It will not. I rise enthusiastically to oppose what is a political legislative act--the repeal of ObamaCare. It is really the Affordable Care Act by the statement of the United States Supreme Court. The statement of Justice Roberts, of which I read, indicates that, beginning in 2014, those who do not comply with the mandate must make a shared responsibility payment to the Federal Government. That is what this is about--sharing and bringing about health care costs that will go down, not up. To my small businesses, let me say how much we care for you. I have supported small businesses throughout my public life and before, and I would argue vigorously that this helps to ensure that you can keep employees and add employees. In fact, between 2010 and 2011, health care costs dropped to 3.9 percent when it was above 6 percent--almost one half less than before the Affordable Care Act was passed. This, frankly, exempts all businesses fewer than 50 employees. That means some 96 percent of American small businesses will not even be impacted. For those that are, this legislation will provide $40 billion in tax credits for small businesses to offer health care.…
Said by
Sheila Jackson Lee
Democratic · Texas

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