WASHINGTON – According to the Q3 Metlife & U.S. Chamber of Commerce Small Business Index released this week, small business owners are optimistic about their companies as well as the small business environment overall. “This survey is great news, but not surprising. The strong economy added to the tax reform package and greater access to capital is creating an environment where small businesses can thrive. As their companies grow, small business owners are more optimistic about the future and we...
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WASHINGTON – Today, Chairman Steve Chabot (R-OH) and Subcommittee Chairmen Rod Blum (R-IA), and Dave Brat (R-VA) sent a letter to the Honorable Sonny Perdue, Secretary of the United States Department of Agriculture (USDA), urging USDA to utilize the Committee’s findings from previous hearings to help rural America increase access to capital, improve quality of life, advance rural workforce development, and progress technological innovation. “Ensuring the prosperity of rural America is vital to o...
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WASHINGTON – Today, Chairman Steve Chabot (R-OH) and Subcommittee Chairmen Rod Blum (R-IA), and Trent Kelly (R-MS) sent a letter to the Honorable R. Alexander Acosta, Secretary of the United States Department of Labor and Ms. Loren Sweatt, Deputy Assistant Secretary to the Occupational Safety and Health Administration (OSHA), requesting a thorough review of the regulation and analysis of OSHA’s Cranes and Derricks in construction regulation and its impact on small businesses, as required by the ...
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WASHINGTON – This week, House Committee on Small Business Chairman Steve Chabot (R-OH) released a statement about the Committee’s ongoing inquiry with the Internal Revenue Service (IRS) regarding the agency’s enforcement of the Affordable Care Act’s (ACA) employer mandate and its effect on America’s small businesses. “After receiving additional data and information from the IRS, it’s clear that small businesses are still suffering from Obamacare. While the IRS, like other federal agencies, is ob...
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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 le...
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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 busine...
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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 classificat...
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WASHINGTON – Today, the House Committee on Small Business held a hearing to find out how the Tax Cuts and Jobs Act has affected small businesses. The Tax Cuts and Jobs Act was signed into law on December 22, 2017. “After more than thirty years of thinking and talking about tax reform, this Congress produced and passed the Tax Cuts and Jobs Act,” said Chairman Steve Chabot (R-OH). “Beyond macroeconomic data trends, this tax law will be judged on its direct impact on the ground…This is what we are...
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WASHINGTON – This week, the House Committee on Small Business Subcommittees on Economic Growth, Tax, and Capital Access and Agriculture, Energy, and Trade held a joint hearing to examine venture capital’s role in helping small businesses access capital and highlight success stories of organizations that provide resources to small businesses in rural America. “Access to capital continues to remain a top concern for American small businesses—nowhere more than rural America, which has been slower t...
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WASHINGTON – Today, the House Committee on Small Business held a markup of legislation to amend the Small Business Act and the Small Business Investment Act. All eight bills passed through Committee on bipartisan votes. “Once again the Small Business Committee has shown we can work together in a bipartisan manner to create real, common-sense legislation to help our nation’s small businesses. I’m proud of all the work our Committee members have put into these bills, especially listening to the ne...
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