Political Quotes

“While reauthorization is extremely important, I think it would behoove us at this time to really think about all of the things that have been done and are in the process of being done for small businesses here and across America. Twenty-five million small business owners will receive tax relief, totaling $75 billion. That is real savings. The rate reductions in the tax benefit plan is more than 90 percent small business. We also have raised the small business expensing limit from $25,000 to $100,000, and I can tell my colleagues in my home State of West Virginia, small businesses are beginning to do and beginning to feel the growth effects of being able to hire another person, being able to buy that extra piece of equipment as a result of the tax incentives. Regulation, which is another burdensome thing on small business, this administration has slowed the growth of burdensome new rules by 75 percent. Also, small businesses saved $7 billion last year in regulatory costs, and that is significant. We have worked a lot to try to incent and grow our small businesses, and there is always more, much more, that can be done. But in terms of government procurement, for the first time in many years, the Federal Government exceeded its small business goal by providing a record $65.5 billion in prime contracts to small businesses.”