[Congressional Record (Bound Edition), Volume 156 (2010), Part 12]
[House]
[Page 16988]
[From the U.S. Government Publishing Office, www.gpo.gov]




                IMPROVING THE ECONOMY AND CREATING JOBS

  (Ms. SCHWARTZ asked and was given permission to address the House for 
1 minute and to revise and extend her remarks.)
  Ms. SCHWARTZ. Madam Speaker, last week, the Small Business Jobs Act 
was signed into law, marking the latest effort by the Democratic 
Congress to partner with small businesses to put the economy back on 
track.
  The Jobs Act makes $30 billion in lending and $12 billion in tax 
breaks available to small businesses to create 500,000 new jobs. The 
Democratic Congress has already helped small businesses by providing 
tax credits for hiring unemployed workers, by reducing tariffs on goods 
used in U.S. manufacturing and by expanding incentives for capital 
investments.
  Nearly 2 years ago, our economy was losing 700,000 jobs per month. 
Now we are on pace to create hundreds of thousands of new jobs in the 
private sector.
  Yet, instead of joining with us to grow small businesses and the jobs 
they create, Republicans in Congress opposed loans to small businesses, 
opposed tax incentives for businesses to hire unemployed workers, 
opposed tax credits for health benefits, and opposed new incentives for 
business investments.
  Democratic Members stood up to provide American businesses with the 
right tools to innovate and create jobs. Access to capital, encouraging 
investment and hiring will ensure that we are continuing to create new 
jobs today and for tomorrow.

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