DNC Chairman Tim Kaine's Statement on the Signing of the Small Business Jobs Act

WASHINGTON, Sept. 27 /PRNewswire-USNewswire/ -- Today, President Obama signed the Small Business Jobs Act into law. The new law will boost small business growth and hiring by expanding small businesses' access to capital and offering eight new tax cuts to small businesses. Following the signing of the Small Business Jobs Act, DNC Chairman Tim Kaine issued the following statement:

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"The Small Business Jobs Act will help American businesses and workers to take another step down the path toward full economic recovery by supporting economic expansion and job growth all across the country. This new law builds on critical legislation – from the Recovery Act to tax cuts for small businesses – that Democrats fought to enact. Taken together, that legislation helped to turn a recession into recovery. Unfortunately, while Democrats were working to pull America back from the brink of a second Great Depression, Republicans were repeatedly opposing and obstructing the legislation necessary to get America's economy going again.

"During the near-decade in which Republicans held the reins, they enacted policy after policy that led America to crisis, and when that crisis struck, it cost our country 8 million jobs. Despite that failure, Republicans continue to oppose any legislation that deviates from the same Bush-era philosophy that got our country into trouble in the first place. That is why it is so important that we support Democrats on the ballot this fall – because while Democrats have proven they're willing to take the bold steps necessary to repair our economy, Republicans have proven only that they would take our country backward – back to the days when insurance companies and big banks were given free rein and small businesses and middle class families were left to fend for themselves."

SOURCE Democratic National Committee