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Nicole Y. Williams or Staci Cox 

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Washington, D.C. – Today, Congresswoman Gwen Moore (WI-4) introduced a bill that would enhance access to capital for small businesses.

 

This bill would provide tax cuts to those who hold stock in a qualified small business for more than five years.  These tax breaks would offer increased motivation to invest in small business, thus providing these companies with more capital and more opportunities to grow and to hire.

   

“As a member of the House Committee on Financial Services, I understand that small business is the backbone of our economy,” said Rep Gwen Moore.  “According to the U.S. Small Business Administration, generally speaking, small businesses create the most new jobs and employ roughly half of America’s private sector work force.

 

“As a former small business owner in my hometown, I truly recognize the impact that they can have on our communities.  I have seen firsthand how small businesses can transform a neighborhood and its citizens.     

 

“That is why I have made the empowerment and sustainability of small businesses one of my main priorities. 

 

“In 2010, President Obama signed the Small Business Jobs Act into law, which provided small businesses with more tax breaks and easier access to credit.  He went further to create the American Jobs Act, with a particular focus on payroll tax cuts for small businesses and incentives for small business job growth.  

 

“I supported both pieces of legislation because I, like the President, realize that job growth relies on a thriving small business community.    

 

“I urge my colleagues to pass this legislation.  Our economy and our nation depend on the success of small businesses.”  

 

 

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