OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Small Business

Floor Speech

Date: June 29, 2010
Location: Washington, DC
Issues: Business and Consumers Taxes

Mrs. DAVIS of California. Madam Speaker, at roundtables that I hold with small business owners in San Diego, there are some consistent themes. They all say that they need banks to lend and people to spend. A few also pointed out that when their businesses fail or fall behind on their taxes, the IRS is more than willing to work out a payment plan that they can afford but then slaps them with penalties that they can't afford.

The small business lending package we passed earlier this month provides small business penalty relief and $3.5 billion in tax incentives for innovation and growth, and it gives community banks the lending leverage they need to help small businesses keep their doors open and create jobs.

This legislation is essential for businesses in my district and across our country. I hope our colleagues in the Senate see the importance of its immediate passage.


Source
arrow_upward