[Congressional Record Volume 155, Number 69 (Wednesday, May 6, 2009)]
[House]
[Page H5273]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                  ENCOURAGE SMALL BUSINESS TO REINVEST

  (Mr. PAULSEN asked and was given permission to address the House for 
1 minute.)
  Mr. PAULSEN. Mr. Speaker, last week I held a small business 
roundtable discussion in my district. I heard from a dozen small 
business owners about the various challenges they are facing when it 
comes to growing jobs and investing in their business. During that 
discussion, one clear theme emerged, small businesses need help.
  Unfortunately, the recently passed budget pours salt in the wound by 
raising taxes by over $1 trillion, largely on the backs of small 
business. Rather than tax them, I believe that we should encourage them 
to reinvest in their business and create more jobs.
  That's why I am introducing legislation that will allow small 
businesses to defer any income tax on any money that is reinvested in 
their business. This will provide additional incentives and resources 
for small businesses to grow and maintain their companies during these 
difficult economic times.
  Small businesses have created two out of every three jobs in the 
United States since the 1970s. Let's help them do it again.

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