Wednesday, March 24, 2010

Perlmutter Supports Aid for Small Businesses and Job Creation Bill

Washington, DC – Today, U.S. Rep. Ed Perlmutter voted to create American jobs by investing in small businesses and rebuilding our crumbling infrastructure. The Small Business and Infrastructure Jobs Act will create new small business and construction jobs, spur private sector investment and hiring, and help rebuild infrastructure across the country.

“Weekend after weekend at my Government in the Grocery meetings and walking in our neighborhoods, I hear from my constituents how anxious they are about the economy and their own financial situations,” said Perlmutter. “While things seem to be stabilizing -- we’ve stopped the freefall where we were losing 780,000 jobs a month in January, 2009 to 20,000 jobs lost in January 2010 -- clearly, we have work to do to save and create more jobs. This bill will help put Coloradans back to work in small business and construction jobs. And, it’s fully paid for so we don’t leave the tab for these crucial investments for the next generation.”

To see video of Perlmutter talking about job creation on the House Floor, please click here.

The Small Business and Infrastructure Jobs Act will spur private sector investment and hiring. It will increase the capital gains tax cut for those who invest in small businesses – giving our small businesses the new capital they need to grow and hire more workers. It will give American entrepreneurs the resources they need to make it easier to start a new business. The legislation includes an extension of the TANF Emergency Fund which has already put over 160,000 Americans back to work and is increasing demand in our economy.

“Small businesses are the engines of job growth in our economy,” said Perlmutter. “By making it easier to invest in, and start, new businesses, more Americans will have the chance to pursue their dream of owning a business.”

This bill will help create construction jobs by extending Build America Bonds, which provide funding to state and local governments to rebuild schools, hospitals, and sewers in our communities. It will also extend Recovery Zone Bonds for areas with high unemployment so communities can invest in local infrastructure, job training programs, education, and economic development.

Perlmutter said, “It’s important to get those Americans back to work who lost their jobs. That’s what this bill is about.”

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