Small-Business Measure Stalls

A Senate jobs bill, which includes provisions designed to help small businesses, suffered a setback on July 29 when Majority Leader Harry Reid (D-Nev.) was unable to assemble enough votes to block a filibuster. Senate Republicans opposed the measure, saying they wanted more time to offer amendments. It is unclear whether Reid will be able to bring the small-business bill back to the Senate floor before the August recess.

Construction and other business groups support the measure, which would make it easier for small businesses to obtain credit by creating a $30-billion fund to support lending by community banks. It also would allow small companies to “carry back” credits to offset taxes paid in the previous five years and also count the credits against the alternative minimum tax.

Pam Hunter McFarland was a Senior Editor of ENR and her expertise was: Sourcebooks, Environment, Labor

Tom Ichniowski has been writing about the federal government as ENR’s Washington Bureau Chief since the George H.W. Bush administration, and he has covered at least five major highway bills. A recognized expert on government policy on infrastructure and regulation, Tom is also a Baltimore native and Orioles fan who grew up rooting for Brooks and Frank Robinson. He is a graduate of Columbia College and Columbia’s graduate school of journalism, where he once used “unrelentless” in a headline.

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