[Congressional Record Volume 143, Number 120 (Thursday, September 11, 1997)]
[Extensions of Remarks]
[Page E1741]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                    TAX RELIEF FOR SMALL BUSINESSES

                                 ______
                                 

                            HON. RON PACKARD

                             of california

                    in the house of representatives

                      Thursday, September 11, 1997

  Mr. PACKARD. Mr. Speaker, no one ever said that running a business 
was supposed to be easy. But Washington seems to want to make it more 
difficult. Small businesses need a break. And for the first time in 16 
years, they will get this long-awaited and much-deserved relief--a 
serious tax cut. The Taxpayer Relief Act is looking out for small 
businesses across the Nation.
  Higher taxes and burdensome regulations are hurting America's small 
business community. Our Taxpayer Relief Act will relieve the tax burden 
on working Americans while simplifying the small business tax code. By 
offering estate tax relief as well as capital gains tax relief, we will 
ensure that businesses grow and prosper, while providing jobs and 
opportunities to many.
  Mr. Speaker, not only do small businesses need a real break, they 
deserve one. They employ 53 percent of the private work force, 
contribute 47 percent of all sales in the country, and create millions 
of jobs each year. But yet Washington tax-and-spend values have led to 
the demise of many small businesses across the Nation. It doesn't have 
to be this way. Our plan ensure that this will not be the case in the 
future.
  We want to see as many small businesses succeed as possible. They are 
critical to our economy. The Taxpayer Relief Act is good for small 
businesses and self-employed entrepreneurs. Under our plan, businesses 
will not only succeed, but will thrive and prosper for many years to 
come. Hard-working, tax-paying citizens have finally won a major 
victory. Relief is becoming a reality because the American people have 
spoken loudly and we have listened.

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