LeMieux urges support for $30 billion fund to lend to small businesses

LeMieux estimated that small businesses are responsible for more than 65 percent of jobs in his state, arguing that it will provide needed capital to struggling businesses.


Most of his Republicans colleagues have opposed the $30 billion fund because they say it's similar to the Wall Street bailout. 

Sen. Bob CorkerRobert (Bob) Phillips CorkerJeff Daniels blasts 'cowardice' of Senate Republicans against Trump Corker: 'I just don't' see path to challenge Trump in 2020 Ex-GOP Sen. Corker: Trump primary would be 'good thing for our country' MORE (R-Tenn.) called it "the brother of TARP," today on the Senate floor. 

"With all due respect to my colleagues who spoke before, this is good for business and this doesn't run a deficit or increase taxes," LeMieux said. 

He said the amendment that would add the $30 billion fund back into the base bill cuts $2 billion in taxes out of the legislation on top of including additional tax cuts for small businesses. 

"I hope my friends look at it seriously," he said.