[Congressional Record (Bound Edition), Volume 157 (2011), Part 11]
[House]
[Page 16078]
[From the U.S. Government Publishing Office, www.gpo.gov]




               SMALL BUSINESSES AND THE AMERICAN JOBS ACT

  (Ms. CHU asked and was given permission to address the House for 1 
minute.)
  Ms. CHU. Did you know that small businesses create two out of every 
three new jobs? That's why we need a plan to invest in them and that's 
why I support the President's American Jobs Act.
  It includes tax cuts for every small business. Businesses that hire 
workers who have been unemployed for 6 months or more get $4,000 off 
their tax bill; those that invest in machinery or equipment get to 
write off the whole expense; and the payroll tax cuts will save a small 
business with 50 workers approximately $50,000 a year, putting money in 
the bank for every mom-and-pop shop. The American Jobs Act will help 
small businesses do what they do best: create good jobs, drive 
innovation, and strengthen the middle class.
  For small businesses, the economy, and Americans everywhere, let's 
pass the American Jobs Act now.

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