On Wednesday, April 18, 2012, at 1:00 p.m. the Committee on Small Business conducted a hearing titled The Tax Outlook for Small Businesses: What’s on the Horizon?. The hearing was held in Room 2360 of the Rayburn House Office Building.

Tax season reminds us that small businesses are disproportionately affected by tax compliance. For small business owners, tax rates can drive business decisions. Higher tax rates can mean that small firms have less capital to create jobs and invest back in their companies. Small companies can also be adversely affected by tax paperwork and recordkeeping requirements. This hearing provided Members with an opportunity to learn more about the tax policies that small businesses will face.

Opening Statement:

Chairman Sam Graves (R-MO)

Witnesses and Testimony:

Aparna Mathur, Ph.D., Resident Scholar, American Enterprise Institute, Washington, DC

• Testimony 
• Witness Disclosure

Leonard Steinberg, Principal, Steinberg Enterprises, LLC, West Windsor, NJ

• Testifying on behalf of the Small Business and Entrepreneurship Council
• Testimony 
• Witness Disclosure

Margot Dorfman, CEO, U.S. Women’s Chamber of Commerce, Washington, DC

• Testimony 
• Witness Disclosure

Martin J. Mitchell, Vice CEO, Mitchell & Best Homebuilders LLC, Rockville, MD

• Testifying on behalf of the National Association of Home Builders
• Testimony 
• Witness Disclosure

Additional Items:

Official Hearing Notice

Official Witness List

Official Hearing Memo

Hearing Video

Press Release