The Tax Outlook for Small Businesses: What’s on the Horizon?
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: