WASHINGTON, D.C. – Today, House Majority Leader Eric Cantor (R-VA) released the following statement after President Obama signed the JOBS (Jumpstart Our Business Startups) Act, H.R. 3606, into law:
“Today, I was proud to join my colleagues and members of the business community as the President signed the bipartisan JOBS Act into law. This bipartisan package will spur job creation by removing outdated regulations and increasing access to capital so that small businesses and startups can grow and create jobs. The bipartisan JOBS Act is the culmination of hard work by both parties in Congress, the White House and the business community, especially Steve Case. And, it shows we can set aside our differences and work together on areas of common ground to grow the economy and get people back to work.
“This week, I was in Silicon Valley meeting with entrepreneurs who are driving innovation and developing new ideas to see what works in the marketplace. They made it clear that the JOBS Act will make it easier for them to advance new ideas and technologies. By increasing access to capital and reducing onerous regulations, entrepreneurs and small business owners will have more ability to take risks, grow and create jobs. Small businesses and startups aren’t just the job creators of today, they are our future. The JOBS Act allows people in this country to do what they do best: take risks, innovate and lead.
“While the signing of the JOBS Act is a significant step, we can’t stop here. Republicans and Democrats need to continue working together to produce results for our nation’s small business owners and entrepreneurs. This month, the House will vote on the Small Business Tax Cut, a 20 percent tax cut that will provide real relief to more than 22 million small businesses in our country. This tax cut ensures small business owners can keep more of their hard earned money, so they can invest in it growing and hiring new workers. I hope the other side will join us to pass this common sense tax cut to help our nation’s small businesses grow and create jobs.”