Group applauds Senate decision to move small-business bill

“Congress and the administration give a lot of lip service
to small business in regards to rebuilding the economy,” she said in
prepared remarks. “But here are two key proposals that would make a
tangible difference in their bottom line. For a one- to two-person company,
small tax benefits turn into real cash that can actually facilitate business
growth.”

The small-business bill creates a $30 billion lending pool and
provides approximately $12 billion in tax relief.

Arsian noted that the bill’s tax provisions that increase the
deduction for startup expenses and allow for greater Section 179 expensing will
be particularly valuable to the self-employed beginning a new venture or
expanding an existing business. Increases in small-business lending will also
be extremely valuable.

Democratic leaders at both ends of Pennsylvania Avenue believe
passing the bill will bolster the political argument that Democrats support
small businesses while Republicans protect the interests of Wall Street.

So far, it looks like Senate Majority Leader Harry Reid (D-Nev.)
has the votes he needs to pass the bill.