Small businesses are the backbone of Louisiana’s economy and have accounted for 75 percent of new jobs during our country’s economic recovery. I have visited small businesses throughout our state to hear what's on the mind of local entrepreneurs and workers.
In order to prosper in the twenty-first century, Louisiana must have a successful, growing small business community. That's why I am so focused these efforts to help our small businesses.
Rolling back costly administrative reporting requirements enacted as part of Obamacare that inhibit small businesses ability to retain workers and grow their businesses.
Working on the Small Business Committee to ensure Louisiana small businesses have access to funding for workforce investment initiatives such as job training programs, grants to grow their businesses and create more jobs in their local communities, and working with the Small Business Administration to simplify rules and regulations to reduce compliance costs.
Expanding and strengthening shipbuilding activities and related industries in Louisiana.
Supporting Association Health Plans to allow small businesses to partner with each other and operate as a larger group to lower the cost of health care for their employees.
Fighting for a fair, flatter, more competitive tax system that helps small businesses by lowering their tax rates so they can compete with larger business both in the U.S. and abroad.
Protecting small, family owned businesses by fighting to repeal the ‘death tax’ which robs families of businesses they have built over a lifetime.
( Today, Sen. David Vitter (R-La.) announced that he’s been elected as the Chairman of the Small Business & Entrepreneurship Committee in the 114th Congress. Sen. Ben Cardin (D-Md.) will serve as the Ranking Member.Read More
U.S. Sen. David Vitter compared implementation delays for the Patient Protection and Affordable Care Act to flood insurance provisions in the Biggert-Waters Act during a U.S. Senate Small Business Committee hearing yesterday.Read More
(Washington, D.C.) - U.S. Senator David Vitter received the U.S. Chamber of Commerce's "Spirit of Enterprise" award. The award recognizes members of Congress who supported pro-business legislation during the 112th Congress.Read More
“Now, a powerful insider has suggested a simple tool that could place a tight limit on the size of individual banks. Daniel K. Tarullo, a Federal Reserve governor who oversees bank regulation, said in a speech last week that an important part of a bank’s balance sheet could be capped at a set percentage of the nation’s gross domestic product…
“I am completely open to the proposal because of my similar concern about the growing size of institutions that are too big to fail,” said Senator David Vitter, a Republican of Louisiana. “Beyond this specific proposal, there is a growing nonpartisan consensus to do a lot more to limit the size of the megabanks.”Read More
A little more than two years ago President Obama signed the Dodd-Frank bill, promising to end taxpayer-funded bailouts.
Of course there is no such end in sight…
The financial reform that we truly need is more systemic: reform the core structure of the market in a way that enhances financial stability. We should start by increasing capital standards for megabanks.Read More