President Obama Calls on Congress to Pass a Small Business Jobs Package
O
n May 25th at an event honoring Small Business Owners of the Year
from across the country, the President has urged Congress to pass a Small Business Jobs Package, including a proposal he put forth in early February to create a new Small Business Lending Fund to provide small businesses with the tools to access capital so they can grow and hire. “Being a successful small business
owner isn’t just about collecting a profit or outperforming your competitors. It’s about contributing to the success of this country’s economy. It’s about securing your piece of the American Dream.” A fact sheet on the Small Business
Jobs Package can be found at whitehouse. gov.
Obama is pushing the House and Se-
nate to adopt a package that includes eliminating capital gains taxes for those making long-term investments in small
“Being a successful small business owner isn’t just about collecting a profit or outperforming your competitors. It’s about contributing to the success of this country’s economy. It’s about securing your piece of the American Dream.”
businesses; expanding Small Business Administration loans; creating a lending fund that would target only community banks; and creating a small-business cre- dit program for states that have had to cut back on their own lending programs. “This shouldn’t be an issue of big government versus small government,” Obama said. “This is an issue of putting our government on the side of the small-
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business owners who create most of the jobs in this country.” Small businesses lost 2.4 million jobs
from the middle of 2007 through the end of 2008, Obama said. Obama also thanked the Small Busi-
ness Administration for helping workers and business owners impacted by the de- vastating oil spill in the Gulf Coast. Source:
whitehouse.gov
We require a drug screen and background check. EEO/Smoke Free environment. The Black E.O.E. Journal
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