I thank the Chair, and I thank the chair of the Small Business Committee for her continued advocacy on this issue. It is so important for us to help small businesses; that is, if you believe they are the engine of economic growth for our economy, as I do, and as I think the chairwoman of the Small Business Committee does. We know 75 percent of new job creation comes from small business. So we can continue to talk about the economy, we can continue to debate it or we can get down to the business of helping small business, as this bill does by outlining three principal programs: tax credits for small businesses on depreciation to make new investments; an enhancement of the 7(a) and 504 loan programs, which are successful programs for lending to small businesses where their capital has fallen off because the program ended in June, so we basically have a lot less money for small businesses; and a small business lending program that could help small businesses grow and help our economy at this critical point in time. We are here tonight because we only have a few days left, but the chair of the Small Business Committee is not giving up on this issue and neither am I. I am saying it is important enough for us to stay and make sure we get this legislation passed because we want to grow small businesses. I know my newspaper, the Seattle Times, had this to say: "Nothing should be more nonpartisan than putting people back to work." I think that says it all.
On the recordAugust 4, 2010
Editor's note · Context
Cantwell discusses the importance of supporting small businesses and the need for specific legislation to aid them.
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