Taxes

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  • Scam Spotting: Can the IRS Effectively Protect Small Business Information?
    Posted in Press Releases on April 6, 2017 | Preview rr
    Tags: Taxes

    WASHINGTON – As the federal income tax filing deadline approaches, the Treasury Department’s Inspector General for Tax Administration (TIGTA) told the House Small Business Committee today that the Internal Revenue Service (IRS) must be more vigilant in protecting taxpayers’ personal information from identity thieves. “As tax season heats up, so too does tax fraud season,” said House Small Business Committee Chairman Steve Chabot (R-OH). “In testimony before this Committee last year, IRS Commiss... Read more

  • The Future of America’s Small Family Farms
    Posted in Press Releases on March 23, 2017 | Preview rr
    Tags: Taxes, Access to Capital, Regulatory Reform / Regulations, Rural America

    Dodd-Frank, Death Tax and the Regulatory Assault on Small Family Farms WASHINGTON – Small family farmers told the House Small Business Committee’s Subcommittee on Agriculture, Energy, and Trade today that capital access restrictions, the death tax and overregulation pose significant challenges to the future of America’s family farms. “Small farms have always been a part of our nation’s fabric, and it cannot be stressed enough that the small family farm is a small family business,” said Subcommi... Read more

  • Making Washington Work for America’s Small Businesses
    Posted in Press Releases on March 22, 2017 | Preview rr
    Tags: Taxes, Health, Access to Capital, Regulatory Reform / Regulations

    Small Business Owners Sound Off on Obamacare, Regulations, Taxes WASHINGTON – Today small business owners told the House Small Business Committee that Obamacare’s mandates, as well as overregulation and the current tax code, are having a devastating effect on their businesses, employees and customers. “These issues are important because too often, small businesses get the short end of the stick which is counterproductive to the economic health of our nation,” explained House Small Business Comm... Read more

  • Cafeteria Plans: A Menu of Non-Options for Small Business Owners
    Posted in Press Releases on March 16, 2017 | Preview rr
    Tags: Taxes

    WASHINGTON – Experts told a Subcommittee of the House Small Business Committee today that millions of American small business owners and employees are barred from using a popular provision of the tax code that would enable them to save on important expenses such as insurance premiums, medical costs and dependent care. “Cafeteria plans are available across the board to large and mid-size companies, non-profits, schools, universities, and the federal government,” said Subcommittee on Economic Grow... Read more

  • Stalled Start-ups: Small Businesses Sound Off on Tax Reform
    Posted in Press Releases on February 15, 2017 | Preview rr
    Tags: Taxes

    WASHINGTON – Small business owners told the House Small Business Committee today that provisions in the current tax code which penalize saving and risk-taking represent the biggest barrier to American entrepreneurship. The hearing comes as lawmakers work towards a comprehensive tax reform package using the House GOP’s Better Way for Tax Reform as a blueprint. “In the coming weeks and months, Congress will have a once-in-a-generation opportunity to pass comprehensive tax reform, the likes of whic... Read more

  • Chairman Chabot Praises McMahon Confirmation Hearing Testimony
    Posted in Press Releases on January 24, 2017 | Preview rr
    Tags: Taxes, Access to Capital, Regulatory Reform / Regulations, Contracting, Oversight, Disaster Assistance

    WASHINGTON - House Small Business Committee Chairman Steve Chabot (R-Ohio) made the following statement about SBA Administrator Nominee Linda McMahon's confirmation hearing testimony. "I was extremely impressed with Linda McMahon's confirmation hearing testimony," said Chairman Chabot. "Linda demonstrated that she has the knowledge, experience in job creation, and innovative vision to make the Small Business Administration responsive and accountable to the millions of small businesses it serves.... Read more

  • Chabot Announces Committee Leadership for 115th Congress
    Posted in Press Releases on January 17, 2017 | Preview rr
    Tags: Taxes, Health, Access to Capital, Energy, Regulatory Reform / Regulations, Rural America, Contracting, International Trade, Oversight

    WASHINGTON—House Small Business Committee Chairman Steve Chabot (R-Ohio) today announced the Committee’s leadership team for the 115th Congress. “All of our Small Business Committee Members are bringing invaluable experience and unmatched enthusiasm to our work already,” said Chairman Chabot. “I know that these individuals who have stepped up to lead our subcommittees will lead by example in turning ideas into solutions for America’s 28 million small businesses.” 115th Congress Small Business Co... Read more

  • IRS Audits Target Small Businesses
    Posted in Press Releases on September 14, 2016 | Preview rr
    Tags: Taxes

    Committee Spotlights Abusive IRS Tactics WASHINGTON – Today, Small Business Committee witnesses told Congress that increasingly aggressive audits by the Internal Revenue Service (IRS) are harming innocent small businesses, forcing some to close their doors entirely. “The IRS has an obligation to provide small businesses with clarity and to treat all taxpayers with fairness and respect,” said House Small Business Committee Chairman Steve Chabot (R-OH). “The agency has failed repeatedly in meetin... Read more

  • “FEAR FACTORS" : IRS Audits Used to Intimidate Small Businesses
    Posted in Press Releases on June 22, 2016 | Preview rr
    Tags: Taxes, Oversight

    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 ... Read more

  • A Better Way to Grow Our Economy
    Posted in Press Releases on June 14, 2016 | Preview rr
    Tags: Taxes, Access to Capital, Energy, Regulatory Reform / Regulations, Rural America, Contracting

    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... Read more