Rep. Hank Johnson (D-GA) met with members of the DeKalb Chamber of Commerce today to discuss jobs, the economy and the looming "fiscal cliff."
Hosted at the Women's Center at DeKalb Medical Center in Decatur, Rep. Johnson also provided an overview of legislation he's introduced that helps small business and entrepreneurs.
"While I am glad to be with you today, I would rather be in Washington working on the pressing problems facing our economy," said Rep. Johnson. "We shouldn't be on recess. Those in control of the House are shirking their duty and left us with too much unfinished business. We've deferred critical decisions including on the "fiscal cliff" that is a combination of automatic spending cuts and tax increases" scheduled to occur in January.
Congressman Johnson said he agrees with President Obama and most economists that the Bush tax cuts must be allowed to expire only for those earning more than $250,000. "If we allow taxes to rise for the middle class and working families, the possibilities of a double dip recession and even worse looms large. We must ensure that those who are most able share a greater responsibility in reducing the deficit."
Rep. Johnson also introduced his Grants & Small Business Coordinator Paulette Suggs as an invaluable resource in his Lithonia office to help local small businesses.
In the 112th Congress, Johnson introduced the Fairness and Transparency in Contracting Act that helps level the playing field for small businesses bidding on federal contracts and the Help Entrepreneurs Create American Jobs Act of 2012, which permanently doubles the deduction for start up expenses from $5,000 to $10,000 and increases the phase-out threshold from $50,000 to $60,000 in expenditures.