[Congressional Record Volume 149, Number 32 (Thursday, February 27, 2003)]
[House]
[Page H1441]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                    JOBS AND ECONOMIC GROWTH PACKAGE

  (Mrs. BLACKBURN asked and was given permission to address the House 
for 1 minute and to revise and extend her remarks.)
  Mrs. BLACKBURN. Mr. Speaker, I rise in support of the President's 
jobs and economic growth package because of the immediate benefits that 
it will provide for our small business owners.
  Under current law, businesses can only deduct a fraction of new 
investment expenses and are forced to wait years to deduct the full 
cost. The President's jobs and economic growth package will help reduce 
this anti-investment bias by immediately increasing the amount of 
investment that can be deducted from $25,000 to $75,000 per year. 
Increasing by 300 percent the amount that small businesses can invest 
in their company will have an immediate and positive impact on our 
Nation's economy. This package is projected to return an average of 
$2,042 to over 23 million small business owners this year.
  This legislation will help increase the bottom line, and I hope my 
colleagues will support it when it comes before the House.

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