Isakson Votes to Help Small Businesses Create Jobs
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3/3/10 U.S. Senator Johnny Isakson, R-Ga., today criticized
the Senate’s rejection of an amendment he co-sponsored that
would have created and expanded a number of tax incentives
designed to help small businesses create jobs. The amendment was defeated by a vote of 38-61.
“Having run my own small business for over 30 years, I
recognize the tremendous impact that federal policy can have on
American business owners,” Isakson said. “It is important we
enact policies that strengthen and stabilize our economy. I’m
disappointed the Senate rejected this commonsense approach to
helping the people and small businesses that make up the heart
of the American economy.” The amendment, which was offered by Senator John Thune,
R-S.D., would have redirected unused stimulus funds to pay for
several small business tax incentives, including a provision
that would have allowed small businesses to pay off large
expenditures for manufacturing equipment and other physical
capital more easily. The amendment also would have eliminated capital gains taxes
on small business investments and provided a 20 percent
deduction for small business income. Isakson is a member of the Senate Committee on Small Business
and Entrepreneurship, and he spent more than three decades in
the real estate business, beginning his business career in 1967
when he opened the first Cobb County, Ga., office of a small,
family-owned real estate business, Northside Realty. |
