Newspaper article from our research archive:

Snowe Offers Bill to Raise Sec. 179 Expensing Limits for Small Business; Relief Will Help Rebuild Economy, Create New Jobs

WASHINGTON, Jan. 15 /U.S. Newswire/ -- U.S. Senator Olympia J. Snowe (R-Maine) has introduced the "Small Business Expensing Improvement Act of 2003," a bill to free up capital and empower small firms to make investments that will help rebuild the economy and create new jobs.

"It is absolutely essential that Congress get the ball rolling toward economic recovery," Snowe said. "By enabling small firms to expense more of the equipment they purchase, this bill provides a tailor-made incentive for the small business sector to take the lead in the recovery by investing in new technology and expanding operations."

Snowe, incoming Chair of the Senate Committee on Small Business and Entrepreneur- ...

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