Press Releases

(As prepared for delivery)

Now we turn to the so-called “Small Business Jobs Act”, a bill that contains two provisions designed to make it easier for people to avoid their taxes, one provision to ensure that venture capitalists don’t pay any capital gains taxes, and a $44 billion dollar giveaway to wealthy business owners.

Republicans could have used this occasion to focus on bi-partisan efforts like the New Markets Tax Credit--a proven program that uplifts small businesses and communities.  Or they could’ve looked to workplace supports, like universal paid leave and affordable child care.  We’ve heard directly from workers that these supports would help unlock their fullest potential. They instead have chosen to devote their efforts to further tilting the tax code to the wealthy and well-connected.

There is no proof that these tax cuts will go anywhere but the pockets of venture capitalists and business owners. This isn’t how you create jobs—we would know. The investments of this Committee helped spur the record job growth under President Biden. Unemployment remains at historic lows, with more jobs created in the last 28 months than any other president has seen in a full term.

Small businesses and their workers are the backbone of our economy, but enough with the lip service. This Committee should invest in proven tools that grow wages, and give workers more breathing room, instead of fattening already thick pockets.

With that, I yield back the balance of my time.