A Signing for Small Business
President Barack Obama today signed the Small Business Jobs Act into law, calling it “the most significant step on behalf of our small businesses in more than a decade.”
The legislation also is likely the last legislative victory the president will see for a while. Congress is limping home at the end of this week, putting off any more big decisions until after the November 2 congressional elections—contests that could shift control of at least one side of Capitol Hill to Republicans.
In order to grow the economy, Obama said it “was critical that we cut taxes and make more loans available to entrepreneurs.” Today, he said, “after a long and tough fight, I am signing a small-business jobs bill that does just that.”

