Providing for Consideration of H.R. 9, Small Business Tax Cut Act
Floor Speech
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Mrs. CAPITO. I thank my friend from Texas for yielding me the time.
I wanted to come down and talk today. I support the rule, but I really support H.R. 9, the Small Business Tax Cut bill. This tax relief will go to 28,000 small businesses in West Virginia.
I'm from a small State. Small businesses, I heard earlier, the statistics, create 70 percent of the jobs. In my State, it's probably 90 percent of the jobs are small business owners. Entrepreneurship and small businesses are going to drive us to recovery, not more spending and more debt.
I heard the gen tle lady talk about restaurants. That's who this is aimed at. Our top three small businesses in West Virginia would be health care and the service industry and the food industry.
I've spent the last 2 weeks traveling in my district and listening to the concerns of families and job creators. They're very frustrated, very frustrated by the high price of gasoline, rising health care costs, and new regulation upon new regulation. It's making it difficult for our job creators to operate and to grow the jobs.
A recent study by the U.S. Chamber found that 80 percent of small businesses reported that taxation, regulation, and legislation from Washington make it harder for them, for their businesses, to hire more employees. This tax cut will have an immediate effect, I believe, on the economy and certainly in my State.
Just several weeks ago the Senate, the House, and the White House, we worked together to pass the JOBS Act; and I've already gotten very positive feedback from several people that they're, number one, glad that we're looking at the real problem in this country, which is the lack of jobs and job creation and, number two, that we did something together, that we worked together to try to get ourselves out of this slow recovery that we're in right now.
I hope we can work in the same bipartisan spirit and pass this tax cut to give our job creators the ability to hire somebody else, buy new equipment, expand their businesses, choose another location, all the things that I think this tax cut bill will provide.
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