August 2022         
Today's Date: October 1, 2022
Statement by the Prime Minister on Women's History Month   •   Greenwood and Travis Hunter Sign NIL Deal and Partner to Launch the “Choose Black” Campaign   •   LIBERTY Dental Plan of New York Awards 12 Scholarships in Partnership with PENCIL   •   Statement by Minister Marci Ien to Mark the Start of Women's History Month   •   LIBERTY Dental Plan of New York Awards 12 Scholarships in Partnership with PENCIL   •   Lug Announces a 3-Year Commitment to the SickKids Foundation in Support of The Hospital for Sick Children   •   “What I Want to Know with Kevin P. Chavous” Podcast Launches Third Season in Search of Answers to Education’s   •   Leaf Home™ to Award Veterans Across the U.S. with Stair Lift Through Veterans Day Contest   •   Poll: Over Half of Voters of Color Oppose Government Negotiation of Drug Prices Once They Learn About Consequences for Patients   •   INROADS, THURGOOD MARSHALL COLLEGE FUND AND UNCF TO IMPACT THE FUTURE OF SUSTAINABILITY THROUGH HBCU INITIATIVE   •   Mogul Launches Nationwide Campaign Called “Build Better Boards” to Champion More Diverse Boards   •   Test Release special characters in the headline © ® ™ é ñ ü ç î ò   •   COVID-19 Vaccine Boosters Perspectives Survey Demonstrates the Importance of Vaccination and Booster Rates Among the U.S. Paraly   •   Mogul Launches Nationwide Campaign Called “Build Better Boards” to Champion More Diverse Boards   •   Statement by the Prime Minister on National Seniors Day   •   Statement by Minister Hussen on Latin American Heritage Month   •   Test Release special characters in the headline © ® ™ é ñ ü ç î ò   •   Tanger Continues Support of Breast Cancer Research and Programs, Elevates Commitment with Tanger Pink 2022   •   Greenwood and Travis Hunter Sign NIL Deal and Partner to Launch the “Choose Black” Campaign   •   Baby Food Maker Market size to grow by USD 403.25 Mn; Market research insights highlight technological innovations and portfolio

Notice: Undefined index: currentSection in /home/blackradionetwork/public_html/page.php on line 176
Bookmark and Share

Barbara Lee Votes To Create Jobs, Strengthen Small Businesses


 

 

Washington, DC – Congresswoman Barbara Lee (D-CA), Congressional Black Caucus Chairwoman, voted in favor of legislation that will leverage $300 billion in lending for small businesses and create hundreds of thousands of jobs.  This legislation, which expands much-needed lending to small businesses and offers tax incentives to help America’s small businesses grow, is fully paid for and will save taxpayers $1 billion over the next ten years.

 

“Despite receiving billions in bailout funds from the government, the banks have failed to lend adequate funds to our small businesses - the largest source of job creation in this country,” said Congresswoman Barbara Lee. “Small businesses have created two-thirds of the new jobs over the last 15 years, and this legislation will give them the capital they need to put Californians and people across this country back to work and drive job creation and innovation.”

 

The Small Business Jobs and Credit Act will help small businesses expand through investments in states and small banks that focus on lending to local small businesses.  This new $30 billion lending fund, with tough performance-based incentives and safeguards to ensure that funds go to American small business, will spur job creation across America.  The bill will also help cultivate American innovation through a new public-private partnership designed to channel early stage investment capital to promising new start-ups.

 

 

The Small Business Jobs and Credit Act offers tax incentives to spur immediate investments in America’s small businesses.  These reforms will lower the capital gains taxes on small business investments, and increase tax deductions to help entrepreneurs to recover more start-up expenses.

 

“This legislation is a positive step in our ongoing effort to create jobs and put our economy on sound footing for the future,” said Congresswoman Barbara Lee.

 

“However, there is still a critical need for us to pass American Jobs and Closing Tax Loopholes Act and the Local Jobs for America Act to help to stimulate the economy, create jobs and respond to the needs of the chronically unemployed and underemployed, as well as populations who are living below the poverty line.

 

 

“For our economy to fully recover, we need targeted direct job creation to put people back to work and reverse the failed economic policies of the Bush Administration which caused the biggest recession since the Reagan Administration.”

 

# # #

 

 

Nicole Y. Williams

Communications Director

The Honorable Barbara Lee (CA-9)

2444 Rayburn House Office Building

Washington, DC 20515

(202) 226-0323 (Direct)

(202) 579-1925 (Cell)

(202) 225-9817 (Fax)

www.lee.house.gov



Back to top
| Back to home page
Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
Breaking News
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News