OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Job Creation Act Of 2010

Floor Speech

Date: Jan. 27, 2010
Location: Washington, DC
Issues: Unemployed and Low-Income Business and Consumers Entitlements and the Safety Net Taxes

(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.


Source
arrow_upward