Click image to watch video of Chairman Chabot's floor speech WASHINGTON - House Small Business Committee Chairman Steve Chabot (R-OH) today praised House passage of H.R. 5982, the Midnight Rules Relief Act, bipartisan legislation to give Congress the power to stop, with one vote, all last minute regulations issued by the Obama administration. "Over the last eight years, the Obama administration has gone on a regulatory rampage," Chairman Chabot said in his speech on the House floor. "For each y...
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15 Things That Remind You How Long It's Been Since The Last Major Tax Reform The tax code hasn't been overhauled since 1986 under President Ronald Reagan. That was nearly 30 years ago! A lot has changed since then. See for yourself with these 1986 throwbacks. 1. The Legend of Zelda was released by Nintendo. The Halo of its generation. 2. Ferris Bueller took the day off. Hooky at its finest. 3. The Chicago Bears won the Super Bowl. "They calllllll him 'The Fridge'" 4. Robert Palmer topped t...
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An Opportunity Economy Starts with Small Business Small businesses are failing faster than they're starting up. Here's why that needs to change--and what we can do to make it happen. By Rep. Steve Chabot Running a small business is a tough job. As any entrepreneur knows, you often wear many hats. No matter your title, at some point you will act as your own tax accountant, marketing executive, regulatory expert, fundraiser, and human resources supervisor. Yet throughout our history, American ent...
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On Monday, Small Business Committee Chairman Steve Chabot (R-OH) hosted Small Business Administrator Maria Contreras-Sweet on a walking tour of Cincinnati to meet with local small businesses. Chabot and the Administrator visited businesses in the Over-the-Rhine community, met with startups at the Brandery, a local business accelerator, and then hosted a small business round table at the Cincinnati Chamber of Commerce. Small business roundtable w @MCS4Biz & @RepSteveChabot discussing access to c...
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Small Business and Politics: How Did Graves Do? By JOYCE M. ROSENBERG, AP Business Writer Small companies were still reeling from the recession in 2011 when Sam Graves became chairman of the House Small Business Committee. As the Missouri Republican prepares to leave his post, small business has a higher profile, partly because of the committee's legislation on issues like federal contracts and its more than 200 hearings. "I think he's had a pretty good record," says Todd McCracken, president of...
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Congressional Quarterly: Graves: SBA Rule Change Would Hurt Small Businesses November 19, 2014 By Shawn Zeller House Small Business Committee Chairman Sam Graves and the Small Business Administration are quarreling again over a new administration move to increase the size of firms eligible for government contracts set aside for small companies. Graves, R-Mo., wrote this month to Khem R. Sharma, the chief of the SBA’s size standards division, to protest the agency’s proposal in September to allow...
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Congressional Quarterly: Small Business Exchanges Find Few Customers So Far, Study Shows November 13, 2014 By John Reichard Only 76,000 people working for 12,000 small employers were covered through plans offered by the health law’s small business exchanges as of June, the Government Accountability Office reported Thursday. That figure – reflecting 18 state-based small business exchanges – is vastly lower than Congressional Budget Office projections, said House Small Business Committee Chairman ...
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Bloomberg BNA: House Republican Challenges IRS on Complicated ACA Forms By Brett Fergusen October 8, 2014 Oct. 8 (BNA) - Draft forms and instructions for compliance with the Affordable Care Act are long and confusing, presenting tax preparers for small businesses with daunting new tasks, the chairman of the House Small Business Committee told IRS Commissioner John Koskinen. Rep. Sam Graves (R-Mo.) asked for an accounting by Oct. 22 of what the tax agency is doing to help. In an Oct. 8 letter, Gr...
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Bloomberg BNA: House Republican Challenges IRS on Complicated ACA Forms October 8, 2014 Small businesses and their tax preparers face the daunting tasks of understanding and completing new tax forms to comply with provisions of the Affordable Care Act, the chairman of the House Small Business Committee said. “Most small businesses do not have tax advisors, attorneys or accountants on their staff. They must rely on outside assistance to navigate these complicated tax rules,” Chairman Sam Graves (...
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CQ Roll Call: CMS: SBA Calls for Withdrawal of Water Rule October 1, 2014 By Philip Brasher The Small Business Administration said Wednesday that it is “extremely concerned” about the potential economic impact of a proposed Clean Water Act rule and called on the EPA and Army Corps of Engineers to withdraw it. In a letter to those agencies, the SBA’s Office of Advocacy says they improperly analyzed the rule’s impact on agriculture, utilities and other sectors. Contrary to the language in the prop...
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