Scott Brown On The Economy

Brown Opposed Small Business Tax Breaks Bill, Which Passed Without His Support. In September 2010, Brown opposed and attempted to filibuster a bill to provide small businesses with tax breaks and other benefits. “The measure…would create a $30 billion government fund to encourage lending and would eliminate capital gains taxes for long-term investors in some small businesses.” In explaining his opposition, Brown said that the bill included a provision “just like TARP”. The bill included the extension of some Small Business Administration lending programs and fee waivers, which some 2,270 Massachusetts small businesses had already taken advantage of according to the SBA. The measure passed without Brown’s support. [Boston Globe, 9/15/10]