SMALL BUSINESSES GET BOOST FROM JOBS BILL SIGNED INTO LAW TODAY

WASHINGTON, DC – House Majority Whip James E. Clyburn (D-SC) today released the following statement after the President signed into law H.R. 5297, the Small Business Jobs Act, legislation to expand much needed lending to millions of small businesses and offer tax incentives to help them grow, hire, and fuel our economy. The bill is fully paid for over 10 years and will not add to the deficit.

“America’s small businesses are the engines of our economy creating two-thirds of the new jobs over the last 15 years. Today they get a much-needed boost from the Small Business Jobs Act. Without adding to the deficit we are implementing measures to create 500,000 jobs, unleash $300 billion in lending and offer more than $12 billion in tax incentives to help small businesses grow, hire, and fuel our economy.