2011-08-26 / Top Stories

Senator Gillibrand, Firefighters Endorse Weprin

David Weprin, Democratic candidate for Congress in New York’s 9th Congressional District, has been endorsed by Senator Kirsten Gillibrand. Gillibrand cited Weprin’s commitment to protecting Medicare and Social Security and supporting middle class families as key factors in her endorsement.

“David Weprin is the right choice for voters because he will fight to protect Medicare and Social Security and work to get our economy back on track,” Gillibrand said. “David understands that the key to protecting the middle class is to fight against the Republican efforts to privatize Medicare and Social Security. I’m proud to endorse David Weprin and I look forward to working with him on behalf of the working families and seniors who call Brooklyn and Queens home.”

Gillibrand joins others endorsing Weprin, who include Senator Charles Schumer, New York State Comptroller Tom DiNapoli, Congressman Joe Crowley, Congresswoman Carolyn Maloney, City Council Speaker Christine Quinn, Councilmember Peter Koo, the Uniformed Fire Officers Association, Uniformed Firefighters Association and a host of other elected officials and organizations.

Weprin’s Small Business Plan

David Weprin recently released his small business jobs plan, highlighting simplifying the tax code to make it fairer for small businesses as his top priority. The remainder of his plan focuses on improving the small business lending climate and helping businesses navigate assistance programs.

Taxes: Small businesses pay disproportionally high taxes compared to large companies and financial institutions, especially in New York. Weprin will work to simplify the tax code, closing loopholes and lowering overall rates. He will fight to remove tax incentives for companies that ship jobs overseas and use those savings to reduce tax rates for small businesses.

Credit: The credit crunch caused by the financial collapse of 2008 has had a devastating effect on the economy and small firms. This stalled their production of goods and services because of a less accommodating credit market, even in situations where demand existed. The situation has improved little. Weprin will focus on working with the Small Business Administration and the private sector to facilitate access to more flexible credit so small businesses can invest in their companies and create jobs.

Innovation: In a report to the President, the U.S. Small Businesses Administration explained that, “Innovation and entrepreneurship will be crucial to the nation’s economic revival and competitiveness in a global marketplace.” Weprin believes this creates an opportunity for small businesses, which are often more flexible and responsive to changing technologies and opportunities. However, moving from ideas to profits can present a challenge. He will work to improve access to and funding for Small Business Innovation and Research Grants.

Small businesses create the majority of America’s new jobs, employ about half of the nation’s private sector work force, and provide half of the nation’s nonfarm, private real gross domestic product (GDP), as well as a significant share of innovations. But small businesses have struggled to weather the economic downturn. Weprin believes that helping small businesses grow is essential to any comprehensive plan to improve the nation’s economy.

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