Obama Says Republicans Standing In The Way Of Small Business Success
Written by Ken Gaebler
President takes GOP to task for blocking small business lending bill
According to President Barack Obama, Republican lawmakers have been standing in the way of helping small business owners and not taking into account their needs.
In a recent speech, Barack Obama said that the GOP had been playing politics by trying to defeat bills that seek to inject capital into the small business sector. In a speech at the White House, the president said that valuable time had been lost as Republicans tried to do everything in their power to defeat the bill, despite the fact that the initiatives had been paid for.
"While I am grateful for this progress, it should not have taken this long to pass this bill," the president said. "At a time when small business owners are still struggling to make payroll and they’re still holding off hiring, we put together a plan that would give them some tax relief and make it easier for them to take out loans. It’s a bill that’s paid for. It won’t add a dime to the deficit."
Earlier this week, thanks to the support of two Republican Senators, the Senate made news for small business when it passed the Small Business Lending Act, which injects $30 billion into community banks and gives small businesses $12 billion in tax breaks.
Have Friends Who Might Like This Article?
Share this on Twitter
Let them know on LinkedIn
Ready to Learn More? We Think You Might Like These Articles:
About Our Small Business News
Gaebler.com journalists write new news articles for entrepreneurs five days a week. Our small business news articles review trends in entrepreneurship, analyze the impact of new government policies, present relevant entrepreneurial research findings, and cover many other topics of interest to small business owners.