"Good afternoon, it is a pleasure to be here. We just finished up the bill signing of the JOBS Act. It is an honor to be here to join with my colleagues on both sides of the aisle to watch the President sign into law the Jumpstart Our Business Startups bill. This is a bill that was aimed directly at trying to address the problem that we face in America today, which is the economy is lagging and our small businesses are having too hard of a time getting up off the ground.
"This bill tries to make it a little easier for the small businessmen and women who want to seek investors, who want to build their business to retain and hire more people. It's a straight up solutions oriented bill. I hope it represents the kind of bipartisan work that we can accomplish here in Washington over the next few months. We have a very difficult economic situation still. The President said today that he has always believed that it is the private sector that is the job generator in this country. I agree with him. I think most Americans agree with him.
"Because of that, we're going to bring to the House floor the week after Tax Day our bill the Small Business Tax Cut Act of 2012. This is the same line of thinking that the Jumpstart Our Business Startups bill is about; to help small businesses keep more of their own money so they can retain and hire more people. With that, I would be delighted to answer any questions."
Q & A:
On The Small Business Tax Cut Act: "I did not have a chance to talk to the President about the Small Business Tax Cut Act, but I look forward to doing that. I am glad the Senate is actually talking about finally starting to do something for small business people. We know that is the key to get the economy going again. I would respond to Senator Schumer's statement by saying this. We need to empower small business men and women. And for the government to mandate that they act one way or another in terms of hiring people or not, that just puts more restrictions on small business. If we believe in free markets, if we believe that small businesses really are the growth engine, we ought to empower them by allowing them to keep more of their money so that they can retain and hire more workers."
On The JOBS Act: "What I believe this bill does is it strikes the proper balance to allow small business people just a little easier time seeking investors and accessing capital so they can grow. I hear anecdotally throughout my district in Richmond, Virginia and throughout the country, it is too hard right now for small businesses to get up off the ground and grow. This bill responds to that difficulty and says we're committed in America, we're open for business."
On The Economy: "We are all for good economic news. Over the last several months, I have been very encouraged by the private sector job growth. But let's not forget, we are nowhere near out of the woods. We want to continue to grow this economy. We want to make sure people get back to work. If we're growing private sector jobs at a couple hundred thousand a month, that's good. We need to do more. We need to make sure that families can begin to re-establish their economic security going forward. We have a lot of other problems that families are facing. Gas prices, as we enter the summer traveling season, are way too high. That will add an added burden on families that need to have more job security. We have a lot of work to do together. I look forward to working along with my colleagues in the House to make sure we can do that."
Congressman Eric Cantor (VA-07)
JOBS Act Press Conference