** Senate Passes Small Business Lending Bill, 61-38 **

[Clio the Leo]

Senate passes small business credit measure

WASHINGTON — The Senate has passed a bill to create a $30 billion government fund to help open lending for credit-starved small businesses, cut their taxes and boost federal loan programs for them.
The 61-38 tally rewards President Barack Obama and his Democratic allies of Capitol Hill with a long-sought victory and sets the stage for a final vote in the House, which is likely to approve it for Obama's signature.
The new fund would help community banks increase lending to small businesses hurt by the recession and the 2008 Wall Street crisis. The bill would also provide about $12 billion in tax breaks over a decade to both large and small businesses and also boost the Small Business Administration's lending programs.

http://www.google.com/hostednews/ap/article/ALeqM5htL5RcJ1VmUCpUNWby1VdeKw7ZpwD9I94LF00

Background

Small-business bill moves to final Senate vote

Sep 16 201012:36pm EDT
WASHINGTON (Reuters) - The Senate was expected on Thursday to give final approval to a package of loan incentives and tax breaks for small businesses after the measure cleared a final procedural hurdle.

By a vote of 61 to 38, Democrats cleared a Republican procedural hurdle and moved to a vote on final passage.

(Reporting by Andy Sullivan and Kim Dixon)



Read more: http://www.portfolio.com/business-news/reuters/2010/09/16/small-business-bill-moves-to-final-senate-vote#ixzz0ziEI1IJJ

[Jackpine Radical]

1. Looks like a few Rs are getting smart--

or scared. The last place they need to play the obstructionist card is on small businesses, most of whom (foolishly) ally themselves with Rs.

[SpiralHawk]

3. The Republicons who oppose this did so for purely political reasons

The republicons were all to ready to screw small business just to be nattering nabobs of negativity concerning what's Good for America, pre-election.

They merit no respect for that.

[Jackpine Radical]

4. Respeck? I dint say nuffin

bout no respeck.

[SpiralHawk]

9. I respeck that you gived 'em no respeck

I was just generally fulminatin about 'em deservin none.

[bluestateguy]

2. Was this the cloture vote or the substance of the bill vote?

I thought the cloture vote was a few days ago.

[Clio the Leo]

7. final Senate vote on the bill....

.... next stop is to the House for final passage and then off to Mr. Big Ears.

[karynnj]

5. The real bill passed today - to recently to have the roll call up on Thomas yet

[Clio the Leo]

6. update: added another article. nt

[DCBob]

8. very good news..

both politically and practically.

[Aramchek]

10. another feather in Obama's Cap

[RBInMaine]

11. The administration with the most PROGRESS since LBJ if not FDR. Period !

[thereismore]

12. Hellyeah! nt

[vaberella]

13. Good stuff. n/t