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House Proceeding on May 20th, 2009 :: 1:24:35 to 1:27:35
Total video length: 2 hours 3 minutes Stream Tools: Stream Overview | Edit Time

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Virginia Foxx

1:24:31 to 1:24:51( Edit History Discussion )

Virginia Foxx: and $7.2 billion into the economy. let me repeat that, 73,000 new jobs. at a time when we are hemorrhaging 32,000 jobs a month and we all dread the release of the next unemployment report. job creation is vital to our economic recovery. it's during these tough economic times that more and more americans are starting small businesses.

Virginia Foxx

1:24:35 to 1:27:35( Edit History Discussion )
Speech By: Virginia Foxx

Virginia Foxx

1:24:52 to 1:25:13( Edit History Discussion )

Virginia Foxx: in fact, the majority of americans first job is that of small business. as our economy bounces back, americans returning to work will find that it is a small business community in which they will find their next opportunities. i reserve the balance of my time. the speaker pro tempore: the gentleman from colorado reserves the balance of his time. the gentlelady from north carolina. ms. foxx: thank you, mr. speaker.

Virginia Foxx

1:25:14 to 1:25:36( Edit History Discussion )

Virginia Foxx: i thank my colleague for correcting my misstatement about the rule and i'm curious about the number of new jobs that the small business administration is said to have created. in the past i'm very curious to know how much each of those

Virginia Foxx

1:25:37 to 1:25:57( Edit History Discussion )

Virginia Foxx: 73,000 new jobs cost us because we know that in much of the legislation that's been this year there's been a great cost to the jobs. yesterday in the debate in the rule committee, everybody agreed that there's been very little accountability and evaluation on the part of small business

Virginia Foxx

1:25:58 to 1:26:18( Edit History Discussion )

Virginia Foxx: administration in terms of the effect of the small business administration in terms of pinning down numbers. we know by the small business administration that small businesses employ about half of u.s. workers. of 116.3 million nonfarm private

Virginia Foxx

1:26:19 to 1:26:41( Edit History Discussion )

Virginia Foxx: sector workers in 2005, small firms with fewer than 500 workers employed 58.6 milon. and large firms employed 57.7 million. firms with fewer than 20 employees employed 21.3 million. what we know from talking to

Virginia Foxx

1:26:42 to 1:27:03( Edit History Discussion )

Virginia Foxx: these people is that what concerns them is not so much that we have the government out there saying we are from washington and we are here to help you, but there are very specific things that small businesses tell us that they would like. let me talk a minute about the death tax, for example.

Virginia Foxx

1:27:04 to 1:27:24( Edit History Discussion )

Virginia Foxx: we all know that the voice of small business on capitol hill is nfib and nfib has been talking for a long time about the permanent death tax repeal. they did a member ballot recently and 89% of small business owners said they want

Virginia Foxx

1:27:25 to 1:27:35( Edit History Discussion )

Virginia Foxx: full repeal of the death tax. opponents of permanently repealing the death tax c eliminating this tax will do nothing to stimulate economic

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