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Small Business Jobs Act: Supporters & What They Are Saying

After months of Republican obstruction, the House passed a key to recovery for America's small businesses by a vote of 237-187 on September 23rd. The Senate amendments to the Small Business Jobs Act (H.R. 5297) will expand much needed lending to millions of small businesses and offer tax incentives to help small businesses grow, hire, and fuel our economy -- which is fully paid for over 10 years and will not add to the deficit. See what supporters of the legislation are saying:

National Small Business Association

'Passage of this bill is a huge win for small business.' [9/16/10]

Small Business Majority
… the bipartisan Small Business Jobs Act is a boon for the entire small business community. This bill will help small businesses resume their function as engines of job creation and help rebuild our fractured economy. This bill addresses one of the fundamental problems facing small businesses--big banks are still not lending to them. The lack of loans is one of the main reasons small businesses have been unable to put some of the 15 million unemployed Americans back to work. It also addresses small businesses' disproportionate tax burden compared to large businesses by providing $12 billion in tax cuts, and gives tax equity to the 22 million self-employed to help them afford health insurance. [9/16/10]

Senator George Voinovich (R-OH)
The small business bill will improve the environment for small businesses by, among other things, including a number of small business tax breaks, expanding Small Business Administration loan programs, providing tax incentives for new small business investment, and expanding small business access to credit…

I reached the conclusion that this $30 billion small business lending fund will help banks that serve local communities to expand their lending at a time when credit to small businesses has tightened for a variety of reasons.  These are the community banks that make the small but necessary loans to restaurants, small manufacturers, home improvement contractors, and the like to keep their businesses afloat and hopefully begin to expand as the economy recovers.  In addition, the program is voluntary for these banks, and the lending fund is estimated by the Congressional Budget Office to save money.  In other words, the lending fund will not add to the budget deficit or the national debt, and it will not increase taxes.“ [9/16/10]

Senator George LeMieux (R-FL)

This is about helping small business owners grow their operations, hire more workers, and help improve our economy.

Small Business Access to Credit Coalition
We urge you to act quickly so that small businesses can start contributing to our economic recovery. The House of Representatives must approve this legislation in order to restart the flow of credit to America's small businesses or else these entrepreneurs will be left to sit on the sidelines. [9/21/10]

Independent Community Bankers of America
Our nation's sluggish economy needs help, and this is a pivotal step toward aiding Main Street America's economic recovery.  The SBLF and SBA incentives will help interested community banks enhance the flow of credit to Main Street's small business customers, who are the driving force behind local economic stability and growth. [9/16/10]

List of Some of the Supporters
The bill is supported by a wide range of groups including:
American Apparel & Footwear Association
American Bankers Association
American Hotel & Lodging Association
American International Automobile Dealers Association
American Sustainable Business Council
Asian American Hotel Owners Association
Business & Professional Women's Foundation
Fashion Accessories Shippers Association
Hispanic Chamber of Commerce
Independent Community Bankers of America
International Franchise Association
Kitchen Cabinet Manufacturers Association
Marine Retailers Association of America
Motor & Equipment Manufacturers Association
National Association for the Self-Employed
National Association of Development Companies
National Association of Government Guaranteed Lenders
National Coalition for Capital
National Council of Chain Restaurants
National Council of Textile Organizations
National Gay & Lesbian Chamber of Commerce
National Marine Manufacturers Association
National Ready Mixed Concrete Association
National Restaurant Association
National Retail Federation
National Small Business Association
NPES The Association for Suppliers of Printing, Publishing and Converting Technologies
Printing Industries of America
Recreation Vehicle Industry Association
Small Business California
Small Business Majority
The Financial Services Roundtable
The Hosiery Association
Travel Goods Association
Tree Care Industry Association
U.S. Chamber of Commerce