[Congressional Record (Bound Edition), Volume 155 (2009), Part 21]
[House]
[Pages 29026-29027]
[From the U.S. Government Publishing Office, www.gpo.gov]




              SMALL BUSINESS IS AMERICA'S ECONOMIC ENGINE

  The SPEAKER pro tempore. Under a previous order of the House, the 
gentleman from Georgia (Mr. Broun) is recognized for 5 minutes.
  Mr. BROUN of Georgia. Mr. Speaker, the economic engine that pulls 
along the economic train of prosperity in America is being derailed. 
America's entrepreneurs, America's small business men and women are 
this country's economic engine. They are the backbone of our economy. 
They create most of the new jobs here in America.
  Mr. Speaker, they have waited long enough for the so-called stimulus 
to kick in. In fact, they have been waiting far too long. Mr. Speaker, 
where are the jobs? It's time for us to scrap this failed policy. It's 
time for Congress to stop wasting taxpayer time and money. It's time to 
give a real jolt to the economy and stop taking so much through high 
taxes and more debt.
  Mr. Speaker, I introduced H.R. 4100, the JOBS Act, to do just that. 
My bill, the Jumpstarting Our Business Sector, or JOBS Act, is a 
commonsense and simple approach. It provides a 2-year moratorium on 
capital gains and dividends taxes, two taxes which directly inhibit or 
derail a business' ability to reinvest their revenue into creating now 
jobs. It reduces the two lowest tax brackets by 5 percent. It cuts the 
payroll tax rate and the self-employment

[[Page 29027]]

tax rate in half for 2 years. Additionally, it reduces the corporate 
tax rate by 10 percent for 2 years.
  In fact, the United States already has the second highest corporate 
tax rate in the world. It's incredible that our economy has prospered 
for this long under such an extraordinary tax burden.
  At this time of great economic turmoil, it's only logical to curtail 
this massive tax and allow our business sector to propel us back onto a 
stable economic footing.
  Finally, just as important, my JOBS Act recoups any and all unspent 
stimulus dollars, putting them to work instead of towards waste.
  Now is the time for a new way forward. For 11 months, the so-called 
stimulus has been tried and tested. Unfortunately, it has failed. But 
there is no reason to keep going down the same track and throwing 
taxpayers' money down a rat hole towards a failed plan. And there is 
certainly no reason to keep sending money into Georgia's imaginary 
congressional districts, double zero, 27, 86, or any others that the 
government has identified.
  The American people demand something better than more government and 
more debt. They deserve more, something better than more unemployment 
insurance and COBRA extensions. We need to stop handing them dead fish 
and, instead, hand them a fishing pole.

                              {time}  1830

  Mr. Speaker, I've introduced H.R. 4100, the JOBS Act, to answer their 
call. And I urge my colleagues to lend their support by cosponsoring 
this important legislation and keeping that economic engine of small 
business on the right track to economic prosperity.

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