On the recordApril 19, 2012
I support the substitute amendment, and I oppose the underlying bill. I think my Democratic friends actually have it all wrong about this bill. I could be mistaken, but I think there was a drafting error in this legislation. When introducing this bill, the sponsor said, It will put more money into the hands of small business owners to reinvest those funds in order to retain, create jobs and grow their businesses, plain and simple. This bill does nothing of the sort. For starters, it does not target small businesses as the title claims. Rather than maximizing assistance for those employers who need it most, fewer than half the tax cuts go to legitimate small businesses. What's more, there is no requirement that this taxpayer subsidy should be used to hire new workers or expand facilities to grow the economy. I am also puzzled, Mr. Speaker, when looking at the bill before us today and previous drafts. You see, earlier drafts excluded certain businesses like liquor stores, casinos and strip clubs from receiving any tax relief; but the current draft does not have such exclusions. Further, this bill is not offset and would actually increase the deficit by $46 billion, which I know runs contrary to the intent of the sponsor, who believes that even in emergencies Federal assistance should be offset. So you see, Mr.…





