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Public Statements

Small Business Jobs and Tax Relief Act

Floor Speech

By:
Date:
Location: Washington, DC

BREAK IN TRANSCRIPT

Ms. LANDRIEU. Mr. President, I discussed this amendment in great detail yesterday, so there is no reason to review it. I thank many Members of the Small Business Committee on both sides of the aisle for putting forth some terrific, very popular, and effective ideas for small business: 100 percent exclusion of capital gains, decreased deductions for startup expenditures, S corporation holding period reductions, carryback on business credits, and expensing of 179--all very familiar to this body and absolutely critical for investing in our small business.

The bill only costs $4 billion compared to some of the other numbers that are being thrown around here. We think it is very cost effective, and I ask for the support of the body.

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