Press Contact: Aaron Hunter 202-225-2040

Email: davispress@mail.house.gov

Office Contact Information

U.S. House of Representatives
1526 Longworth House Office Building
Washington, DC 20515
Phone: (202) 225-2040
Fax: (202) 225-2948

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San Diego CA 92116
Phone: (619) 280-5353
Fax: (619) 280-5311

Press Release

March 24, 2010

Contact: Aaron Hunter 202-225-2040

davispress@mail.house.gov

 

Rep. Susan Davis Votes to Help Small Businesses and Create Infrastructure Jobs

Bill provides nearly $16 billion in tax incentives

Washington – Congresswoman Susan Davis (D-San Diego) voted to create jobs and spur infrastructure improvements with her vote in favor of the Small Business and Infrastructure Jobs Act (H.R. 4849).  The bill provides for almost $16 billion in tax incentives for small businesses and bonds for state and local governments to rebuild schools, hospitals, and sewers.

The bill will increase the capital gains tax cut for those who invest in small businesses – giving our small businesses the new capital they need to grow and hire more workers.  It will also give American entrepreneurs the resources they need to make it easier to start a new business.

“Small businesses are the engines of job growth in our economy,” said Davis. “This bill will give them the capital and resources they need to grow and hire new workers.  By making it easier to invest in, and start, new businesses, it will unleash our entrepreneurial spirit and give more Americans the chance to pursue the dream of owning a business.”

This bill will help create construction jobs by extending Build America Bonds, which provide funding to state and local governments for critical infrastructure projects.

It is fully paid for by cracking down on foreign corporations that try to evade U.S. tax laws and gain an advantage over American companies that play by the rules.  H.R. 4849 was approved by the House of Representatives on a vote of 246-178.

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