Rep. Eric Cantor (R-VA), the House Minority Whip, spoke with Marc Ambinder about what Republicans really want out of the stimulus package. Seems like a top priority is help for small business owners.
Here is an excerpt from the Atlantic:
- You’d have some meaningful tax relief for small business. There’s a lot of discussion about the NOL provisions - net operating losses - which are good. That will help save jobs. There’s a lot of discussion and support for accelerated depreciation. That’s great because that will help spur big business to purchase assets. But that provision itself really kicks in when you purchase [something] over $850,000.
- What about the real small business person? There is only 41 million dollars allocated toward the relief for small business and small business expensing. That’s where we start to look. For every one dollar you allocate for small business tax relief, you’re spending four dollars to replace the grass here in Washington.
Do you agree with Rep. Cantor’s assessment? Should there be more funds for small business relief in the stimulus package?
