Straight Talk- Bipartisan JOBS Act Passes Congress

Statement

Dear Friends,

This week, Congress worked together to help small businesses by passing the JOBS Act and sending it to the President. Access to capital continues to be a significant challenge for entrepreneurs and small firms who want to start or grow their business. The JOBS Act helps small business by easing the process of going public and providing more opportunities for investment capital.

In another development that small businesses are closely following, the Supreme Court heard arguments about President Obama's health care reform law for three days this week, and many legal experts believe that the law is now in danger. Although I agree that reform is needed to address the problems in our nation's health care system, the President's law went too far in its taxes, mandates and bureaucratic control. I join thousands of small businesses in hoping that the law is struck down by the Court, and replaced with free market reforms.

Lastly, the House passed a budget for Fiscal Year 2013 that addresses our massive federal debt and includes fundamental pro-growth tax reform. While in three years, the Senate has avoided even proposing a budget, the House showed courage in passing a plan that will decrease our deficits and help provide more certainty for small businesses.

Sam Graves
Chairman

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