The Senate passed long-delayed legislation designed to open up credit to small businesses and award them with incentives to expand and hire new workers. Democrats, joined by two Republicans, won a 61-38 vote to pass the legislation. The measure would establish a $30 billion government fund to help open up lending for credit-starved small businesses, cut their taxes and boost Small Business Administration loan programs. Finally, a win for the Democrats and small businesses. Will it be enough to save them during the elections? Hope springs eternal.
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