Taxes

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  • Graves Applauds Passage of Small Business Tax Deduction Act
    Posted in Press Releases on April 19, 2012 | Preview rr
    Tags: Taxes

    House Small Business Committee Chairman Sam Graves (R-MO) today issued the following statement on the House passage of the Small Business Tax Deduction Act: “There is no debate about whether America’s small businesses are the engines of job creation. But to build a stronger economic recovery, we must help small businesses by addressing our debt crisis, pulling back on unnecessary federal regulations, ending any threats of tax increases, and providing substantive tax relief with legislation like ... Read more

  • Graves Holds Hearing On The Flood Of Upcoming Taxes On Small Business
    Posted in Press Releases on April 18, 2012 | Preview rr
    Tags: Taxes

    House Small Business Committee Chairman Sam Graves (R-MO) today held a full Committee hearing to examine upcoming new taxes on small businesses and their economic effect. “Tax season reminds us that small businesses are disproportionately affected by tax compliance, therefore slowing growth and hiring,” said Chairman Sam Graves. “Today’s testimony supported the notion that higher tax rates and tax uncertainty can mean that small firms have less capital to create jobs and invest back in their com... Read more

  • Graves Joins House Leadership to Introduce Small Business Tax Cut Act
    Posted in Press Releases on March 21, 2012 | Preview rr
    Tags: Taxes

    WASHINGTON, DC— House Small Business Committee Chairman Sam Graves (R-MO) today joined House Majority Leader Eric Cantor (R-VA), House Majority Whip Kevin McCarthy (R-CA) and other House Republican colleagues at a press conference to unveil the 20 percent Small Business Tax Cut Act this afternoon. “[T]he majority of jobs in this country are created by small businesses, and if small businesses aren’t moving forward then we are not going to see the job creation that we need, it’s just plain simple... Read more

  • Graves: This Budget Is Bad For Small Business
    Posted in Press Releases on February 13, 2012 | Preview rr
    Tags: Taxes

    House Small Business Committee Chairman Sam Graves (R-MO) today issued the following statement on the President’s FY2013 Budget: “American small businesses are facing an unprecedented number of barriers to growing their companies, and today’s budget adds to their problems by fueling the cloud of debt that lingers over the nation. This budget is bad for small businesses because it further strains the economy by worsening the national debt and punishing business owners by raising their taxes. Desp... Read more

  • Chairman Graves Statement On The IRS 1099-K Reversal
    Posted in Press Releases on February 10, 2012 | Preview rr
    Tags: Taxes

    House Small Business Committee Chairman Sam Graves (R-MO) today issued the following statement on the Internal Revenue Service’s (IRS) decision to reverse its implementation of the new “third-party payer” reporting requirements, or 1099-Ks, and its disproportionate impact on small businesses. “I’m pleased that the IRS decided to reverse course on its requirement of reconciliation of gross receipts and merchant card payments on business tax forms. This would have disproportionately harmed small b... Read more

  • Graves Holds Hearing on the State of American Small Businesses
    Posted in Press Releases on February 1, 2012 | Preview rr
    Tags: Taxes, Access to Capital, Regulatory Reform / Regulations

    Graves Holds Hearing on the State of American Small Businesses “There is no doubt that the lack of certainty in burdensome regulatory requirements and complex tax structures coming from Washington continues to be an impediment for growth and job creation for small business owners.” WASHINGTON, DC— House Small Business Committee Chairman Sam Graves (R-MO) today held a hearing to examine obstacles to small business job creation and economic growth in America in an effort to narrow down and tackle ... Read more

  • Chairman Graves in Politico: What Small-Business Owners Want to Hear in State of the Union Speech
    Posted in Op-Eds on January 23, 2012 | Preview rr
    Tags: Taxes, Health, Energy, Regulatory Reform / Regulations, Contracting, International Trade, Oversight

    What Small-Business Owners Want to Hear in State of the Union Speech By Chairman Sam Graves January 23, 2012 What do small-business owners want from the government? The short answer: Move out of the way. Eight out of 10 small-business owners say they want the government to stay out of the way instead of providing a “helping hand,” according to a recent U.S. Chamber of Commerce survey. Eighty-six percent said they would rather have more certainty than more assistance. As President Barack Obama g... Read more

  • Washington Post: Small Business Committees, Advocates Hesitant to Back Obama’s Restructuring Proposal
    Posted in Articles on January 13, 2012 | Preview rr
    Tags: Taxes, Access to Capital, Regulatory Reform / Regulations, Contracting, International Trade, Technology, Oversight

    Small Business Committees, Advocates Hesitant to Back Obama’s Restructuring Proposal By J.D. Harrison, Washington Post Lawmakers and small business advocacy groups today applauded the President Obama’s decision to add a cabinet seat for the head of the Small Business Administration, but many were hesitant to back his broader proposal to restructure part of the federal government. On the heels of the president’s announcement that SBA Administrator Karen Mills would join his cabinet, Senator Mary... Read more

  • Chairman Graves in Roll Call: Tax Reform Should Include Individual Reform
    Posted in Op-Eds on November 17, 2011 | Preview rr
    Tags: Taxes

    Tax Reform Should Include Individual Reform By Chairman Sam Graves November 17, 2011 The Internal Revenue Code is nearly 70,000 pages and about 3.8 million words long. It is highly unlikely that anyone would dispute that this complex and confusing system is in dire need of reform — especially for small businesses. Tax reform is critical to the nation’s ability to create jobs and grow the economy. This is particularly important for small companies — our nation’s best job creators, responsible fo... Read more

  • Walsh: Individual Tax Reform is Vital for Small Business Growth and Job Creation
    Posted in Press Releases on November 3, 2011 | Preview rr
    Tags: Taxes

    WASHINGTON, DC— Economic Growth, Tax and Capital Access Subcommittee Chairman Joe Walsh (R-IL) today held a hearing to examine the need for individual tax reform for small businesses that will help our nation’s best job creators thrive instead of being crippled by unnecessary burdens. A large majority of small businesses are 'pass through' entities— those that pay their taxes on their individual tax returns, rather than on a corporate return. As Congress turns its attention to tax reform, it is ... Read more