House approves small-business aid bill (LA Times)

[pinto]

House approves small-business aid bill

The bill, which will go to President Obama for his signature, creates a $30-billion lending fund to help smaller banks make loans to businesses, and offers $12 billion in business tax breaks to encourage investment, entrepreneurship and hiring.

Reporting from Washington — The House on Thursday gave final passage to a small-business bill, handing Democrats a victory on economic issues that are defining the midterm elections.

President Obama said he will sign the bill, which received scant Republican support, on Monday.

"The small-business jobs bill passed today will help provide loans and cut taxes for millions of small-business owners without adding a dime to our nation's deficit," Obama said in a statement. "After months of partisan obstruction and needless delay, I'm grateful that Democrats and a few Republicans came together to support this common-sense plan to put Americans back to work."

<snip>

Two Republicans joined Senate Democrats in passing the bill last week after a hard-fought campaign. Most House Republicans also voted against.

http://www.latimes.com/news/politics/la-pn-small-business-bill-20100924,0,1398194.story

:thumbsup: ~ pinto

[TexasObserver]

1. recommend

It's a good program which should get a lot more funding. Notice the GOP was against it. Lyin' bastards.