One Size Does Not Fit All

Layoffs, Benefit Cuts Coming Soon Due to Obama Overtime Rule WASHINGTON – As the December 1, 2016 compliance deadline for the Department of Labor’s new overtime rule rapidly approaches, traditional small businesses, technology start-ups, and other small employers told the House Small Business Committee today that they may soon be forced to layoff workers, reduce benefits and lower wages to cover the costs of the new federally-mandated requirements. “The DOL has heralded this rule as a long-overdue action that will provide tremendous benefits t... [...]

“FEAR FACTORS" : IRS Audits Used to Intimidate Small Businesses

WASHINGTON – Today small business owners and advocates told a key Congressional subcommittee that increasingly aggressive audit tactics by the Internal Revenue Service (IRS) have been used to intimidate small companies, creating an atmosphere of fear and uncertainty in the small business community. “In the administration of the tax code, the IRS has dual roles: collection and enforcement,” said Subcommittee on Economic Growth, Tax and Capital Access Chairman Tim Huelskamp (R-KS) in his opening remarks. “Small businesses have a right to be trea... [...]

Committee Holds Small Business Owners Roundtable on Cutting Government Red Tape

Job Creators Tell Committee Members: DOL Overtime Rule Bad for Their Businesses WASHINGTON – Today, House Small Business Committee Chairman Steve Chabot (R-OH) held a roundtable discussion with small business owners from across the country on how their businesses and workers will be harmed by the new overtime rule issued by theDepartment of Labor last month. Committee members and entrepreneurs discussed how the Obama Administration’s pattern of regulatory overreach has created an atmosphere of uncertainty for America’s small businesses and hurt... [...]

A Better Way to Grow Our Economy

Third Plank of Bold Agenda Includes More Than 100 Ideas to Tackle Excessive Regulations, Develop American Energy, and Promote Financial Independence From the Office of the Speaker: WASHINGTON—Today, House Republicans unveiled a plan to grow our economy by tackling excessive regulations, developing American energy, and promoting financial independence for people who work hard and do the right thing. It is our vision for a Confident America that is the best place in the world to live, work, build things, start a business, and raise a family. Law... [...]

REGULATION NATION: Rural Communities Paying the Price

Dodd-Frank Destroying Jobs, Communities in America’s Heartland WASHINGTON – Today representatives from community banks in America’s heartland told a key Congressional subcommittee how government regulations like the Dodd-Frank Act are killing small businesses in rural communities. The witnesses shared their stories with the House Small Business Subcommittee on Economic Growth, Tax and Capital Access about how new red tape like Dodd-Frank has killed jobs and devastated communities in rural America over the past six years. “Across the country com... [...]