Senate Democrats

Reid Statement On Drop In Unemployment

Now is not the time to take tax cuts away from small business

Washington, D.C.Nevada Senator Harry Reid released the following statement on today’s national unemployment numbers:

“Today’s jobs numbers are proof that our work to bring the economy back from the brink is beginning to pay off. The unemployment rate fell by nearly half a percent, more than 100,000 people have gone back to work and we added double the number of manufacturing jobs expected. But we know more work remains to be done. We know many families in Nevada and across America are still hurting. That’s why it’s more important than ever that we keep putting Americans back to work, protecting our middle class and helping small businesses grow and expand.

“With Americans still struggling, the Republicans’ plan to take tax cuts away from small businesses couldn’t come at a worse time. We need to give small businesses help, not take it away. But rather than provide small businesses with incentives to grow and hire new workers, Republicans want to raise their taxes and give power back to the insurance companies. We cannot afford that at a time when our economy continues to recover.”

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Republicans Would Take Away Tax Cuts For Small Businesses. A Kaiser Foundation survey found that more small businesses are offering health benefits to their workers by using a tax credit in the health care reform law that provides small businesses offset the cost of providing health care to their employees. [LA Times, 12/27/10]??Republicans Could Take Away Social Security and Medicare Benefits. Treasury Secretary Tim Geithner explained that, if the U.S. were to default on its debt, “Payments on a broad range of benefits and other U.S. obligations would be discontinued, limited, or adversely affected,” including: U.S. military salaries and retirement benefits;  Social Security and Medicare benefits;  veterans’ benefits;  unemployment benefits to states; student loan payments; and Medicaid payments to states. [Geithner Letter, 1/6/11]??Republicans Would Take Away Free Preventative Screening. Repealing the health care law would reverse a provision that allows Medicare recipients to get free preventive services, including annual checkups and certain screenings. [CSM, 1/1/11]??Republicans Would Take Away Better Prescription Drug Coverage For Seniors. Repealing the health care law would reverse a provision that closes the Medicare donut hole for prescription drugs for seniors. [The Hill, 1/3/11]??Republicans Could Take Away Veterans’ Benefits. Treasury Secretary Tim Geithner explained that, if the U.S. were to default on its debt, “Payments on a broad range of benefits and other U.S. obligations would be discontinued, limited, or adversely affected,” including: U.S. military salaries and retirement benefits;  Social Security and Medicare benefits;  veterans’ benefits;  unemployment benefits to states; student loan payments; and Medicaid payments to states. [Geithner Letter, 1/6/11]

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