[Congressional Record (Bound Edition), Volume 155 (2009), Part 6]
[House]
[Pages 7594-7595]
[From the U.S. Government Publishing Office, www.gpo.gov]




                  SMALL BUSINESSES AND NEW TAX BURDEN

  (Mr. THOMPSON of Pennsylvania asked and was given permission to 
address the House for 1 minute and to revise and extend his remarks.)

[[Page 7595]]


  Mr. THOMPSON of Pennsylvania. Mr. Speaker, growing up, my father ran 
two small businesses, a sporting goods business and a marina, both of 
which I worked at over the years. My grandfather's family worked a 
local dairy and farm.
  So, Mr. Speaker, I was a bit taken back when the administration's 
budget proposal came across my desk last week. I know you often hear 
politicians speak about small business being the backbone of our 
economy, but it's true, and even more so in the American rural 
communities that I represent.
  With 710 new jobs created by small business owners, these individuals 
are key to the revitalization of our economy and putting folks back to 
work. This budget proposal will increase the tax burden on every single 
small business owner not once, but twice. Overhead costs, raw 
materials, transportation, and every other segment of the supply chain 
will skyrocket under this proposal.
  This is not acceptable and will only lengthen this recession and 
penalize the very best people that are best equipped to put folks back 
to work. Now, I will give credit where credit is due. I was pleased to 
see the President take a step in the right direction yesterday by 
relaxing the lending rules at the Small Business Administration to 
allow credit to flow more freely.

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