[Congressional Record Volume 156, Number 48 (Thursday, March 25, 2010)]
[Extensions of Remarks]
[Pages E500-E501]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




           SMALL BUSINESS AND INFRASTRUCTURE JOBS ACT OF 2010

                                 ______
                                 

                               speech of

                         HON. JAMES R. LANGEVIN

                            of rhode island

                    in the house of representatives

                       Wednesday, March 24, 2010

  Mr. LANGEVIN. Madam Speaker, I rise in strong support of H.R. 4849, 
the Small Business and Infrastructure Jobs Act, which is another step 
forward in helping Rhode Island's small businesses and creating jobs.
  This measure would exclude 100 percent of small business capital 
gains, increase the tax deduction for start-up expenditures from $5,000 
to $20,000, and provide small business penalty relief. These provisions 
will encourage the formation of new businesses and allow small 
businesses to grow and hire more workers.
  H.R. 4849 also extends the Build America Bonds program, which was 
part of the American Recovery and Reinvestment Act and has been 
successful in helping our state and local governments finance the 
rebuilding of schools, sewers, hospitals and transit projects.
  Finally, today's bill extends the TANF Emergency Fund, which has 
helped states fund a jobs program that subsidizes employers, including 
small businesses, who hire unemployed workers. This program has put 
over 160,000 Americans back to work, and a program in Rhode Island 
should go into effect shortly.
  Congress is committed to more action on creating jobs and helping our 
small businesses, which are the backbone of our nation's economy, and I 
urge my colleagues to support this measure.

[[Page E501]]



                          ____________________