On the recordMarch 21, 2012
It is interesting--because I know the Senator goes home, as I do, very often to talk to many of the small business owners in the State of Missouri, as I do in Wyoming, and as Senator Grassley does in Iowa--one of the promises the President made is, he said 4 million small businesses may be eligible for tax credits. Well, it turns out that the key word there by the President is ``may''--may be eligible. Even the fact that the White House has sent out postcards to all these small business--the IRS spent over $1 million of taxpayers' money to send out millions of postcards promoting the tax credit--the Treasury Department's inspector general recently testified that ``the volume of credit claims has been lower than expected''--as a matter of fact, only 7 percent of the 4 million firms the administration claimed. Why? Well, because of the complexity and the whole way the system was set up, the President was able to talk big and deliver very small. That is why so many people are very unhappy with the claims in the health care law because they know these promises have been broken.…





