[Congressional Record Volume 141, Number 207 (Friday, December 22, 1995)]
[House]
[Page H15579]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                 SMALL BUSINESS NOT A SPECIAL INTEREST

  (Mr. BARTLETT of Maryland asked and was given permission to address 
the House for 1 minute and to revise and extend his remarks.)
  Mr. BARTLETT of Maryland. Mr. Speaker, how many times have we heard 
President Clinton claim that he is for small business? Yet he vetoed 
the Balanced Budget Act.
  The fact is our balanced budget contained real incentives to help 
small businesses and to promote economic growth. It increased the 
health insurance deduction for the self-employed to promote private 
health-care coverage. It provided estate tax relief to ensure that 
family-owned businesses will not be forced out of business simply 
because they cannot pay their estate taxes. It allowed small businesses 
to expense a greater amount of equipment purchases, thus making 
additional capital available for business expansion. It cut the capital 
gains tax rate to allow small businesses to keep more of what they earn 
to expand and create new jobs.
  Mr. Speaker, small businesses employ over half of the entire work 
force and create the vast majority of new jobs. Relieving the tax 
burden on America's small businesses and encouraging economic growth is 
not a give-away for the wealthy and the special interests. If President 
Clinton truly supports small business, he would have signed our 
balanced budget. Small business is not a special interest in America. 
Small business is America.

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