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Public Statements

Small Business Jobs Act Of 2010

Floor Speech

Location: Washington, DC


Mr. HARE. Madam Speaker, I rise today in strong support of the Small Business Jobs Act of 2010. I want to thank our leadership for continuing the fight for American jobs and our Nation's small businesses.

We all know that small businesses are the backbones of our local economies and bolster economic growth in our districts, States and Nation. Unfortunately, small businesses have not escaped the devastating impacts of this recession.

When the credit markets tightened and payrolls declined, small business owners were forced to make incredibly tough decisions--sometimes shutting their doors forever. This legislation will help existing small businesses grow and give entrepeneurs the assistance they need to open new ones.

The bill creates a $30 billion small business lending fund in which financial institutions, such as the smaller community banks in my district, can leverage as much as $300 billion of badly needed credit to small businesses.

I'm proud that this Congress continues to provide tax relief to our small businesses and I am happy that this bill includes another $12 billion in tax incentives for them.

The bottom line is that this bill gives small businesses on Main Street the tools they need to continue to spearhead our recovery and fuel our economy.

As Members of Congress, we have a responsibility to restore the economic promise of this Nation, and I won't rest until small businesses across Illinois are secure, have the resources they need, and are able to put many more of our neighbors back to work.

Madam Speaker, I urge all of my colleagues to vote in favor of both the rule and the underlying bill so that Americans can get the help they need during these tough times of economic recovery.


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