Providing For Consideration Of Senate Amendment To H.R. 5297, Small Business Jobs Act Of 2010
Floor Speech
Providing For Consideration Of Senate Amendment To H.R. 5297, Small Business Jobs Act Of 2010
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Mr. ROE of Tennessee. I thank the gentleman for yielding.
Two years ago, I arrived here from the real world, and that's the world of business and the economy, and got to the Washington world. My experience before here was as a small business owner and a mayor. And we had to balance our budget. And what we did was we found out that our budget was awry, and much of it because of the size of government. We had let it grow too much.
So what we did in our local government was we shrunk the size of government. And guess what happened to our revenue without raising taxes? It went up. And that's why I am rising in support of this YouCut proposal. It makes absolute sense. And I have heard this from both Democrats, Republicans, and independents. And I ask my colleagues across the aisle to support this.
It makes sense not to add 188,000 more people to the government workforce when the economy is not doing well. Example: if a business out there that I ran had decreasing revenues, we didn't hire more personnel at that point. We hunkered down, we made do with what we had; and I think this is a very reasonable thing to do. It exempts three important Departments that secure and protect us: that's the Department of Defense, Homeland Security, and Veterans Affairs, and gives the administration the ability to place those employees where they think they're important.
Why are businesses not hiring? It's very simple. I spoke to several business leaders yesterday on the telephone. They are hunkered down and not hiring because expenses and taxes are going up. They are overregulated, access to capital has decreased, and they can't lend money. I talked to bankers yesterday that cannot get the money out the door for qualified borrowers because of overregulation of the FDIC.
I would ask my colleagues to support this commonsense $35 billion reduction in Federal spending. In the time of a recession, it makes sense. I urge you to vote for this.
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