[Congressional Record (Bound Edition), Volume 155 (2009), Part 19]
[House]
[Page 25163]
[From the U.S. Government Publishing Office, www.gpo.gov]




                 HEALTH CARE'S IMPACT ON SMALL BUSINESS

  (Mr. SMITH of Nebraska asked and was given permission to address the 
House for 1 minute and to revise and extend his remarks.)
  Mr. SMITH of Nebraska. Mr. Speaker, for generations, America's small 
businesses have been the engines driving our economy, and they remain 
one of our brightest hopes for economic recovery.
  These entrepreneurs represent more than 99 percent of all businesses 
in the country and create more than 72 percent of the new jobs. Yet, 
under the guise of health care reform, Congress is set to punish these 
innovators by leveling more than $200 billion in new taxes. Those are 
taxes. The result of these new taxes will be the loss of an estimated 
5.5 million jobs.
  Our economy is in a precarious situation, the Federal deficit stands 
at $1.42 trillion, and 263,000 jobs were lost in September alone. Why 
would we want to push a government takeover of health care inflicting 
further harm on small businesses--the very strength of our economy?

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