Source:
Associated PressSEATTLE – President Barack Obama on Tuesday stumped for Sen. Patty Murray on a three-day campaign swing for endangered Democrats, accusing Republicans of thwarting efforts to help small business owners by repeatedly blocking tax breaks for them.
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Small businesses account for two out of every three jobs created. Obama is backing a Democratic bill that would give small businesses a variety of tax breaks and incentives, including easier access to loans, deductions for small businesses and an elimination of capital gains taxes on investments in small businesses.
But Republicans repeatedly have blocked the legislation, suggesting it is misguided and would fall short of truly helping small businesses.
"They won't even let it go to a vote," Obama said. But he said the bill would be the first item of business when Congress returns from its summer recess next month.
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