Politics

Hypocrisy Alert: Congressional Republicans Claim to Support Small Businesses Yet Oppose Small Business Lending and Jobs Bill

By Office of the Speaker

According to news reports, Congressional Republicans will hold an event on Thursday to unveil their “new” agenda “during a news conference at a hardware story in Sterling, Virginia, following a meeting with small-business leaders.”

The question is: will Republicans explain to the American people why they are opposed to the Small Business Lending and Jobs Bill scheduled to be on the House floor this week?

Congressional Republicans opposed the Small Business Jobs and Credit Act passed by the House in June to create half a million jobs and voted against seven of the eight tax cuts for small business enacted into law by the Democratic-led Congress in the last year and a half.

Bonus question: Will Republicans explain to Americans why they continue to hold hostage President Obama?s middle-class tax cuts that will provide at least 97% of small businesses with tax cuts?

At least 97% of small businesses would not pay a penny more due to letting upper-income tax rates expire for the wealthiest 2% of Americans.

Americans already know the “real” GOP agenda will do:

Blow up the deficit ? adding $700 billion to the deficit over the next 10 years to give tax cuts to the richest 2 percent of Americans

Kill American jobs ? by halting projects underway and withholding unspent Recovery Act funds and repealing legislation that would close tax loopholes to prevent good-paying jobs from being shipped overseas

Privatize and cut Social Security for America?s seniors - cutting benefits and jeopardizing the retirement security for American workers

Put insurance companies back in charge of your health care and ending new protections for Americans

Repeal tough Wall Street reform ? subjecting consumers again to the recklessness of Wall Street executives ? whose actions led to a meltdown that cost 8 million jobs and $17 trillion in household wealth

Shutdown the Federal Government ? ?There?s going to be a government shutdown, just like in ?95 and ?96 but we?re going to win it this time??

President Obama?s middle-class tax cuts and the small business lending and jobs bill will provide small businesses with critical investments to spur growth and jobs for Americans. Democrats are committed to providing tax cuts to 98% of Americans and America?s actual small businesses ? and help get the Bush-Republican deficit under control.

Full post as published by The Gavel on September 20, 2010 (boomark / email).