USNEWSWIRE release from Senate Committee on Small Business and Entrepreneurship
"WASHINGTON, Nov. 22
U.S. Newswire -- As part of this year's recently passed $388 billion spending package, the Republican majority eliminated all funding and increased fees for the largest source of small business loans in the country: the Small Business Administration's 7(a) loan program.
"Republican leaders in Congress have rubber-stamped a proposal by President Bush (news - web sites) that makes it even harder for small businesses to borrow money in America. That is simply wrong," said Sen. John Kerry (news - web sites), Ranking Democrat on the Small Business and Entrepreneurship Committee. "Once again, they're putting the costs of lending on the backs of small businesses -- the backbone of our economy and the very enterprises we're supposed to be helping."
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2 Questions:
Can this be leveraged by Dems? Everybody pays lip service to small business, but Repugs just shafted them. This needs publicity.
2. What's up with Kerry? Everybody else has gone home for the holiday week. He's still issuing press releases.