Democrats doing more for small businesspersons than ever

Yesterday, Speaker Pelosi, Leader Hoyer, Rep. Peters (D-MI), and Rep. Schrader (D-OR) were joined by small business owners for a press conference in the Capitol to discuss the impact of the Small Business Jobs and Credit and Tax Relief Acts. 

Speaker Pelosi on passage: 

America’s small business owners are the backbone of our economy. With this legislation, we are helping to ensure they have what they need to be the engine of our recovery.

Democrats in Congress have heard the calls from small businesses to help provide them with the tools they need to grow: access to capital and tax relief. The legislation passed by the House this week will unleash up to $300 billion in loans for small businesses; they also offer $3.5 billion in tax incentives and tax relief to small businesses.

These bills will create and save jobs, and are fully paid for by closing tax loopholes. They build on the accomplishments of this Congress for small businesses, including the Recovery Act, health insurance reform, and a net operating loss provision and accelerated tax write-offs.

Democrats will continue to work on behalf of America’s Main Street, and the small businesses that will ensure our nation’s economic success, while Republicans continue to stand for the interests of Wall Street and Big Banks.

Rightardia is pleased Democrats are helping small business who create two thirds of US jobs. For years Republicans have claimed they were the true defenders of American business which is half true at best. They have helped big corporations and Wall Street but have only given lip service to small business.

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