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Tax Reform

Tax Cuts and Jobs Act Benefits Ohio Small Businesses

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WASHINGTON – This week, the Small Business Administration (SBA) Great Lakes Regional Administrator Rob Scott wrote an op-ed for the Pike County News Watchman sharing how the Tax Cuts and Jobs Act has directly benefited the almost one million small businesses in Ohio. “Thanks to the recent federal tax cut, local business owners are making investments in their businesses and employees by…

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

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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…

ICYMI: Small Business Owners More Optimistic Than Ever

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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…

ICYMI: Small Business Optimism Rises to Record Highs

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WASHINGTON – This week, the National Federation of Independent Business (NFIB) announced that its small business optimism index rose in February to its second-highest reading in the 45-year history of the monthly survey. According to the report: Taxes received the fewest votes as the #1 business problem since 2006 Reports of improved earnings trends were the highest since 1987 …

ICYMI: Congress Should Finish Strong with Small Business Tax Cuts

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WASHINGTON- This week, Congressman Bill Johnson (R-OH) wrote an op-ed on why lawmakers need to finish the year strong by providing tax cuts for small businesses. “Here in Ohio, small businesses are an especially big deal. A whopping 99.6 percent of our companies are small businesses, according to figures from the U.S. Small Business Administration. They employ over two million Ohioans,…

Chairman Chabot Kicks Off National Small Business Week with Fox Business Network's Maria Bartiromo

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CINCINNATI - House Small Business Committee Chairman Steve Chabot (R-OH) stopped by Fox Business Network's "Mornings with Maria" today to discuss National Small Business Week and the work the Committee is doing to reduce the tax and regulatory burden on America's 28 million small businesses. VIDEO: Watch Chairman Chabot's Full Interview Here 

Chairman Chabot Talks #LastSOTU with WKRC in Cincinnati

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WASHINGTON -  House Committee on Small Business Chairman Steve Chabot (R-OH) discussed President Obama's last State of the Union address and what it means for the economy and small businesses with WKRC TV in Cincinnati today. Watch the Interview HERE …

The Hill: Chairman Graves Presses IRS Over Small Business Letters

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Small Business Panel Presses IRS Over Outreach By Bernie Becker The chairman of the House Small Business Committee is pressing the IRS over letters the agency is sending that he fears companies could find threatening. The IRS, Rep. Sam Graves (R-Mo.) says, is currently telling small business owners that they might have underreported their income, based on the reports the agency…

Small Business Tax Increases on January 1, 2013

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How Will Taxmageddon Impact Your Small Business? Without Congressional action, a large number of tax provisions will expire on December 31, 2012. Many of these expiring provisions were enacted in tax legislation in 2001 and 2003 and reduced marginal income tax rates, marriage penalty rates, and the estate tax. President Obama's plan to expire tax rates for all…