This was sent to me by Chris Lucas in Senator Snowe's office. It is encouraging to see Senator Mitch Mc Connell saying that our Small Business Jobs Bill may pass.
This should be coming up the week after next. This is the first time a ranking Republican has made such a statement.
I make no comments about his other comments.
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“So the question is whether it's a good idea to raise tax on the top two brackets in the middle of what most Americans think is a recession. If you do that, you will impact 250,000 small businesses. They produce 50 percent of small business income, and it affects 25 percent of the workforce. So the question we're going to be asking when we get back is, 'Do you think that is good for the economy? Do you think this will get the economy growing again?’ This is a debate we're anxious to have.”
McConnell said the small-business jobs bill the president is pushing for “may” pass later this month, but cautioned that “it shouldn’t be oversold.”
“There is a little itty-bitty small business bill that no one thinks will have much of an impact on the economy, because they want to stick into it a too-big-to-fail provision and did stick it in. But the larger question is that business is sitting there, hoarding cash because they are concerned of the health care taxes, the health care mandates, the tax increases that are coming in September potentially. This administration has done a lot to discourage business from growing and hiring, and that's the problem."