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Public Statements

Small Business Tax Relief Act of 2010

Floor Speech

By:
Date:
Location: Washington, DC

BREAK IN TRANSCRIPT

Mr. PERRIELLO. Give America a chance and America will outcompete the world. Give American business a chance, and it will outcompete China and the world. Give American workers a chance, a level playing field, and we will outcompete the world. We can build things, make things, and grow things better in this country than anywhere in the world if we give a level playing field. We have a chance once again today to level that playing field and let America win again.

We can do that by closing this outsourcing loophole that rewards companies for sending jobs overseas. And we can do it in a way that also provides relief to our small business owners, who are trying to work hard and play by the rules. Well-intentioned efforts to make sure people were not cheating on their taxes, to make sure people were paying their burden, can also be done in a way that doesn't cost those who have been working hard and playing by the rules.

We have a chance to do two great things today. We have a chance to level that playing field so that America can win in manufacturing, in agriculture, in forestry, in farming. These are things we can do better than anyone when we don't have the trade deals and the tax code that rewards all the worst things of sending those much-needed American jobs overseas. And we can do so at the same time by reducing that regulatory pressure on small business.

We worked hard this year to support our small businesses, with the Small Business Lending Fund that is dying in the Senate, with tax credits for small business, too many of which have died in the Senate. Here is a chance today to provide relief to small business, and most importantly, to level that playing field so that we can make it in America again, so that we can have those good jobs that make the middle class and working class in this country thrive, that reward entrepreneurship and innovation, that reward people who work hard and play by the rules. This is an opportunity today that is beyond Democrat and Republican. It's just about common sense and making a difference in the economy.

Washington should have the same sense of urgency I feel back home every weekend when we talk to small business owners. This is a chance for us to come together, to do good things to let America win again. This is important for American business, for American workers, and for American families.

I urge all of my colleagues on both sides of the aisle to be part of the solution.

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