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Public Statements

Small Business Tax Cut Act

Floor Speech

By:
Date:
Location: Washington, DC

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Mr. ROSKAM. Mr. Speaker, I thank the gentleman for yielding.

I want to speak for just a minute on the substitute.

Speaking of drafting errors, you can only assume that there was a drafting error on the substitute. Look, that happens. If it was a drafting error, the best thing to do is take the bill out of the record and start again. I think the notion of comparing $287 million in tax relief to $47 billion in tax relief is simply a nonstarter. It's as if the minority is saying, We sort of accept part of the premise of this tax cut, but we're going to cut it down. And then we're going to cut down the tax relief a little more. And then we're going to cut down the tax relief a little more and a little more and a little more and a little more until finally it's this obscure little bit of nonsense that isn't going to do anything.

Here's what we need to do. We need to give relief to the small business in my district. I was touring a plant, and the owner/entrepreneur who started the company said, Look, the smart move for me, Congressman, is to put three-quarters of a million dollars into this new production line. It would mean that I would expand production, bring in more people, and so forth, and have a very simple ripple effect, but I'm not going to do it. The reason I'm not going to do it is because Washington, D.C., tells me I'm rich. I'm not rich. I'm just a prudent businessman who's built a successful business.

What we need to do, Mr. Speaker, is to create an environment where that business owner, that entrepreneur says to himself or herself, I'm willing to invest.

They need relief. They're begging for relief in suburban Chicago from their tax liability, and this is an opportunity now with this language that is authored by the majority leader and that is on the House floor.

I urge its passage, and I urge rejection of the substitute.

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