Senate Democrats

Reid Statement On Republican Defeat Of Small Business Tax Cut

Washington, D.C.Nevada Senator Harry Reid issued the following statement after Republicans voted to block the Small Business Jobs and Tax Relief Act.

“The legislation Republicans blocked was a common-sense proposal that provided small businesses with two tax cuts designed to create jobs. Under our proposal, small businesses would have received a 10 percent tax cut on the amount by which they increase their payrolls this calendar year. And to help them expand, small businesses would have been allowed to write off 100 percent of the cost of any major equipment or software they purchase.

“Unfortunately, Republicans played their usual games of obstruction and opposition. There was simply no reason to oppose this bill on the merits, so Republicans manufactured reasons to kill it out of thin air. Republicans claimed they wanted amendment votes, but refused to take ‘yes’ for an answer when I offered them votes on those very amendments.

“Senator McConnell made it clear that his ‘single most important’ goal is defeating President Obama. It’s sad that the middle class has to suffer for Republicans to achieve their political aims.”