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Health Care's Impact On Small Business

Floor Speech

Date: Oct. 20, 2009
Location: Washington, DC
Issues: Health and Health Care

Mr. SMITH of Nebraska. Mr. Speaker, for generations, America's small businesses have been the engines driving our economy, and they remain one of our brightest hopes for economic recovery.

These entrepreneurs represent more than 99 percent of all businesses in the country and create more than 72 percent of the new jobs. Yet, under the guise of health care reform, Congress is set to punish these innovators by leveling more than $200 billion in new taxes. Those are taxes. The result of these new taxes will be the loss of an estimated 5.5 million jobs.

Our economy is in a precarious situation, the Federal deficit stands at $1.42 trillion, and 263,000 jobs were lost in September alone. Why would we want to push a government takeover of health care inflicting further harm on small businesses--the very strength of our economy?


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