[Congressional Record (Bound Edition), Volume 149 (2003), Part 4]
[House]
[Pages 4727-4728]
[From the U.S. 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

[[Page 4728]]

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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