[Congressional Record (Bound Edition), Volume 156 (2010), Part 1]
[House]
[Page 764]
[From the U.S. Government Publishing Office, www.gpo.gov]




                        JOB CREATION ACT OF 2010

  (Mr. BUCHANAN asked and was given permission to address the House for 
1 minute.)
  Mr. BUCHANAN. Mr. Speaker, yesterday, I introduced the Job Creation 
Act of 2010. The number one priority in America should be jobs and 
helping small businesses. My five-point plan is to provide tax relief 
for small businesses. Instead of writing off equipment over 5 years, 
have them write it off over 1 year and sunset it in a year or two. 
Eliminate capital gains tax on companies. There's plenty of capital. 
People don't have confidence in the administration; they don't have 
confidence in this Congress. But there is capital to invest. The small 
businesses need that capital to create jobs.
  We're taxing unemployment benefits at 11 percent. That needs to stop. 
We need to sunset that. TARP funds, $750 billion: we committed to the 
American people that would be paid back. They are paying back much of 
the funds. It needs to go to pay down the $12 trillion debt. Also, we 
need to curb frivolous lawsuits. It's driving up health care, it's 
killing businesses, it's killing jobs.
  I urge Members from both sides of the aisle to support this bill.

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