Political Quotes

On the recordAugust 5, 2010
I rise to express my concerns about a provision in the new health care law that will impose monumental burdens on small businesses, reduce wages and eliminate jobs. A provision that was included in the new health care law will require businesses to submit new tax forms every time they purchase more than $600 worth of goods. This new government mandate will impose significant new costs on 26 million businesses across America. Given the economic challenges that our Nation already faces, this is a burden that we cannot afford. If it is not fixed, this new mandate will slow economic growth and prevent the creation of new jobs. The Commerce Department reported last week that the pace of economic growth is slowing down. U.S. economic growth slowed to an annual rate of 2.4 percent in the second quarter, the weakest showing in nearly a year. According to the Labor Department, wages and salaries are also suffering and the unemployment rate still hovers around 9.5 percent. If these numbers are going to improve, it's going to be a result of the hard work and ingenuity of our Nation's small business owners. The entrepreneurial small business community has been the driver to pull us out of all recent recessions. They are the key to job creation that will pull us out of this economic downturn as well. Small businesses create 65 percent of all new jobs in America. In Wyoming, that number is a lot higher.
Said by
Mike Enzi
Republican · Wyoming
Source
govinfo.gov
Aug 5, 2010

Editor's note · Context

The speaker addresses concerns about burdens on small businesses from a provision in the new health care law.

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