Pelosi Statement on President Obama Signing the Small Business Jobs Act

Contact: Brendan Daly/Nadeam Elshami/Drew Hammill, 202-226-7616

Washington, D.C. – Speaker Nancy Pelosi issued the following statement this afternoon after President Obama signed the Small Business Jobs Act into law:

“With the President’s signature today, the Small Business Jobs Act will become law, and we will mark a great victory for America’s small businesses. We will cut their taxes, provide them with greater access to credit, and help them create half a million jobs – all without adding a dime to the deficit.

“By lowering their taxes even more than this Congress already has and improving their access to hundreds of billions of dollars in loans, small businesses will be able to invest in the innovation that leads to job growth and economic prosperity. Our actions will make them, and our entire economy, stronger.

“Nearly every House Republican opposed what the National Small Business Association called ‘landmark legislation’ – demonstrating, once again, the Republicans’ interest in taking us back to the ‘exact same’ failed policies that lined the pockets of many on Wall Street and weakened small businesses. Democrats are moving America forward and fighting on behalf of a growing, thriving small business community.”