Taxes

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  • Small Businesses on PATH to certainty
    Posted in Press Releases on December 17, 2015 | Preview rr
    Tags: Taxes, Access to Capital

    WASHINGTON—America’s small businesses took a huge step toward the tax certainty they need today when the House of Representatives passed the Protecting Americans from Tax Hikes (PATH) Act. The PATH Act contains several tax provisions that have long been major priorities for small businesses, including a permanent increase in Section 179 expensing, a permanent tax credit for research and development, and an extension of bonus depreciation—which allows businesses to depreciate certain equipment a... Read more

  • Chabot Talks 2016 Small Business Outlook on MSNBC
    Posted in In Case You Missed It on December 14, 2015 | Preview rr
    Tags: Taxes, Regulatory Reform / Regulations

    Chabot Talks 2016 Small Business Outlook on MSNBC House Small Business Committee Chairman Steve Chabot (R-OH) stopped by MSNBC’s "Your Business with JJ Ramberg" this weekend to discuss the outlook for small businesses in 2016 and his work on tax and regulatory reform to help America's entrepreneurs. Watch the full interview here Read more

  • Chairman Chabot in The Hill: Tax Reform for America's Small Businesses
    Posted in Op-Eds on December 10, 2015 | Preview rr
    Tags: Taxes

    A great gift idea: Tax reform By Chairman Steve Chabot (R-Ohio) December 10, 2015 The Hill Nobody has more at stake in the tax reform debate than America’s small-business owners. As chairman of the House Small Business Committee, I am fully committed to making sure their voices are heard. There are over 28 million small businesses in America today, which employ half of all working Americans and are responsible for creating seven out of every 10 new jobs. These economic powerhouses pay 42 percen... Read more

  • Tax Certainty for America’s Small Businesses
    Posted in Press Releases on December 3, 2015 | Preview rr
    Tags: Taxes

    WASHINGTON – Today small business owners told the Small Business Committee about the need for tax reform and the importance of the tax extenders package to provide certainty for America’s small businesses. The panel of witnesses stressed to lawmakers that uncertainty over their tax liability makes it extremely difficult for them to plan for the coming year, hire new employees and grow their business. The hearing comes as the future of dozens of tax extenders remain in doubt. Several provisions, ... Read more

  • Celebrating America's Entrepreneurs
    Posted in Press Releases on November 17, 2015 | Preview rr
    Tags: Taxes, Access to Capital, Regulatory Reform / Regulations

    Washington - The Small Business Committee today spotlighted the contribution of entrepreneurs to America’s economy during a full committee hearing on National Entrepreneurs’ Day. The Committee heard from a diverse panel of entrepreneurs on how they were able to achieve the American Dream, creating jobs and spurring economic growth in the process. The panel also testified about the challenges of entrepreneurship. “At a time when business deaths are outnumbering business births, it is vitally impo... Read more

  • Chairman Chabot's Commentary on CNBC.com: The big problem with taxes on small business
    Posted in Op-Eds on April 15, 2015 | Preview rr
    Tags: Taxes

    Chairman Chabot's Commentary on CNBC.com: The big problem with taxes on small business Original Article It's here. A day that nobody looks forward to. A day when we have to reach into our pockets and cut a check for Uncle Sam: Tax Day. While it has never been the most popular day of the year, somehow, Tax Day – and all of the stress, labor, and money that go into preparing for it —has gotten worse, particularly for family businesses and entrepreneurs. Every year Americans spend 6.1 billion hour... Read more

  • Next Week at Small Business: Tax Reform
    Posted in Press Releases on April 10, 2015 | Preview rr
    Tags: Taxes

    Next Week at Small Business: Tax Reform ​Ensuring that Main Street Isn't Left Behind WASHINGTON -- The Small Business Committee will hold the following hearing next week: Full Committee Hearing Chairman Steve Chabot (R-OH) Wednesday, April 15, 2015 at 11:00 A.M. 2360 Rayburn House Office Building Tax Reform: Ensuring that Main Street Isn't Left Behind On Wednesday, April 15, 2015, at 11:00 A.M., the Committee on Small Business will hold a hearing titled, "Tax Reform: Ensuring that Main Street Is... Read more

  • Graves Presses IRS About New Obamacare Small Business Forms
    Posted in Press Releases on October 8, 2014 | Preview rr
    Tags: Taxes

    House Small Business Committee Chairman Sam Graves (R-MO) today pressed the Internal Revenue Service (IRS) to address the complexity of the agency’s recently released Obamacare compliance forms for small businesses, and asked what is being done to educate and help small businesses with these requirements. “In mid-September, the Internal Revenue Service (IRS) published numerous draft forms and instructions for compliance with the tax provisions of the Affordable Care Act. These documents are leng... Read more

  • Graves' Statement on Tax Day and the Small Business Tax Burden
    Posted in Press Releases on April 15, 2014 | Preview rr
    Tags: Taxes

    Small Business Committee Chairman Sam Graves (R-MO) today released the following statement on Tax Day and the effects of tax policies on small businesses: “Every year, the tax burden becomes more costly for America’s 28 million small businesses. The tax code is increasingly complicated and changes often. Most small businesses spend 40 hours or more preparing their taxes, and four out of ten businesses spend two full workweeks on compliance. That is a high cost in lost time and productivity for a... Read more

  • Committee Examines Burden of Tax Compliance for Small Businesses
    Posted in Press Releases on April 9, 2014 | Preview rr
    Tags: Taxes

    As we approach the Tax Day filing deadline, the Small Business Committee, under the chairmanship of Rep. Sam Graves (R-MO), today examined the challenges small businesses face complying with the tax code. In addition, a new National Small Business Association (NSBA) tax survey was released in conjunction with the testimony of NSBA member Tim Reynolds, a small business executive. The survey shows that a majority of small businesses spend 40 hours preparing to file their taxes, while 40 percent sp... Read more