Chairman Chabot Requests Study on Small Business Intellectual Property Resources

WASHINGTON – This week, Chairman Steve Chabot (R-OH) sent a letter to the Honorable Gene Dodaro, Comptroller General of the United States at the United States Government Accountability Office (GAO), requesting that GAO study ways in which small businesses and entrepreneurs understand the resources available to help them obtain intellectual property protections. “Intellectual property plays an important role in protecting the new and innovative ideas that drive our nation’s economy. This is no less true for our nation’s small businesses and entr... [...]

ICYMI: Small Business Administrator McMahon Pens Op-Ed on Monumental Impact of the Tax Cuts and Jobs Act

WASHINGTON - Last week, U.S. Small Business Administrator Linda McMahon wrote an op-ed in the Cincinnati Enquirer to highlight the monumental impact the Tax Cuts and Jobs Act is having on local small businesses after hosting a small business roundtable on July 27 with the House Committee on Small Business Chairman Steve Chabot (R-OH) in Cincinnati, Ohio. "When I visited Cincinnati in September of last year, small business owners who joined a roundtable I hosted were clear on one thing – taxes were a burden taking too much time and money they’d ... [...]

Chairman Steve Chabot Statement on Proposed Pass-Through Regulations

WASHINGTON – This week, House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement after the highly anticipated U.S. Department of Treasury and Internal Revenue Service guidance on the Tax Cuts and Jobs Act’s new 20 percent small business deduction was released: “This is great news for small businesses and the millions of Americans they employ. Main Street businesses now have the clarity needed to work towards the 20 percent deduction, which will allow businesses to continue to invest in their companies, hir... [...]

ICYMI: Small Business Owners More Optimistic Than Ever

WASHINGTON – This week, Wells Fargo/Gallup released a survey touting the record-high optimism U.S. small business owners’ are experiencing, the highest in 15 years. According to the report: Cash flow and positive financial situation are strong drivers of optimism. 78 percent of small business owners rate their current financial situation as very or somewhat good, compared with 73 percent in the second quarter of 2018. 69 percent of small business owners rate their cash flow in the past 12 months as very or somewhat good, compared to 63 percent ... [...]

Chairman Chabot Encourages Ways & Means To Consider Tax Legislation that Assists Innovators

WASHINGTON – Today, Chairman Steve Chabot (R-OH) sent a letter to Ways and Means Committee Chairman Kevin Brady (R-TX) encouraging the Committee to consider H.R. 3717, the Small Business Owners’ Tax Simplification Act, as they craft Tax Reform 2.0. H.R. 3717 was introduced by Chairman Chabot and would update the United States tax code for entrepreneurs and innovators. “With the gig and sharing economy growing in importance, tax filing thresholds for independent contractors and worker classification decisions will become even more instrumental. ... [...]