[Congressional Record Volume 143, Number 106 (Thursday, July 24, 1997)]
[Extensions of Remarks]
[Page E1518]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


         INTRODUCTION OF THE SMALL BUSINESS JOB OPPORTUNITY ACT

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                          HON. DARLENE HOOLEY

                               of oregon

                    in the house of representatives

                        Thursday, July 24, 1997

  Ms. HOOLEY. Mr. Speaker, I am pleased to join my colleague, 
Representative Elizabeth Furse, in introducing legislation that will 
provide targeted capital gains tax relief to small business owners. Our 
bill would reward small business owners who reinvest their profits in 
American small businesses, and would demonstrate our national 
commitment to the health and welfare of our nation's entrepreneurs.
  In the state of Oregon, small businesses are a crucial part of the 
growing economy. In fact, more than 95 percent of businesses in the 
state earn less than $5 million a year. These growing businesses are 
providing quality jobs and economic opportunity for working families 
across our state. But this experience is not unique to Oregon. Small 
businesses across this country are providing the new jobs and economic 
growth that are driving our strong economy.
  As Congress continues to work toward balancing the budget and 
providing tax relief, it is essential that we maximize the benefit of 
tax reductions by targeting them to the people who need them most. This 
bill does just that by encouraging reinvestment in small business and 
creating a climate for continued growth and job creation.
  I am also pleased that the Oregon Bankers Association and the Pacific 
Northwest International Trade Association have joined us in support of 
the legislation. I urge my colleagues to join us in support of this 
important small business legislation.

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