Taxes

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  • Chairman Chabot Testifies at Ways and Means Hearing on Tax Bill
    Posted in Press Releases on February 1, 2018 | Preview rr
    Tags: Taxes

    WASHINGTON – This week, House Committee on Small Business Chairman Steve Chabot testified in front of a House Ways and Means subcommittee at a hearing on ways to improve tax administration. Specifically, he spoke on legislation he introduced, H.R. 3717, the Small Business Owners’ Tax Simplification Act. “H.R. 3717 takes simple common sense steps to reform how taxes are administered. Among the many reforms outlined in the bill, H.R. 3717 would realign estimated tax payment deadlines, which cause ... Read more

  • Chairman Chabot Responds to DOL’s Proposed Rule Expanding Access to Health Insurance for Small Businesses
    Posted in Press Releases on January 4, 2018 | Preview rr
    Tags: Taxes, Health, Oversight and Regulatory Reform

    WASHINGTON—Today, House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement after the Department of Labor(DOL) published a proposed rule expanding the definition of “employer” to allow more small business employees and sole proprietors to access health insurance through Small Business Health Plans (also known as Association Health Plans): “While the tax reform package Congress passed and the President signed into law in December effectively ended the burdens... Read more

  • Chairman Chabot Votes in Favor of the Tax Cuts and Jobs Act
    Posted in Press Releases on November 16, 2017 | Preview rr
    Tags: Taxes

    WASHINGTON – Today, House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement following the House passage of H.R. 1, the Tax Cuts and Jobs Act: “As Chairman of the House Committee on Small Business, I want to ensure the tax code works for our nation’s job creators, not against them. H.R. 1 will reduce taxes for small businesses from a top rate of almost 40 percent down to 25 percent, and includes an additional, lower tax rate of 9 percent for the smallest of... Read more

  • Mid-Sized Businesses: Too Big to be Small and Too Small to be Big
    Posted in Press Releases on November 14, 2017 | Preview rr
    Tags: Taxes, Access to Capital, Contracting, Technology

    WASHINGTON—Today, Chairman Steve Chabot (R-OH) and the House Committee on Small Business held a bipartisan roundtable to hear from advanced small and mid-tier businesses and industry experts on the challenges to growth and success. “After a small business has proven its success by growing out of its small size standard, it exists in a murky limbo – it is too large to benefit from small business set-asides, yet is too small to compete with billion dollar firms,” said Chairman Steve Chabot. “Our g... Read more

  • ICYMI: Congress Should Finish Strong with Small Business Tax Cuts
    Posted in In Case You Missed It on November 9, 2017 | Preview rr
    Tags: Taxes

    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, making up 46 percent of all employees in-state. In the latest Kauffman Foundation rankings, Columbus and Clevel... Read more

  • Chairman Chabot Commends House Passage of Save Local Business Act
    Posted in Press Releases on November 8, 2017 | Preview rr
    Tags: Taxes, Health, Access to Capital, Energy, Oversight and Regulatory Reform, Rural America, Contracting, International Trade, Workplace Issues, Technology, Disaster Assistance, Environment

    WASHINGTON - Today, House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement upon House passage yesterday of H.R. 3441, the Save Local Business Act, legislation that will reverse an Obama-era scheme that threatens small businesses. Chairman Chabot is an original co-sponsor of the bill and, earlier this year, sent a letter to the House Education and Workforce Committee in support of H.R. 3441. “Small businesses have been hurting under this rule for years and... Read more

  • Investing in Small Businesses: The SBIC Program
    Posted in Press Releases on November 7, 2017 | Preview rr
    Tags: Taxes, Access to Capital, Rural America, Contracting, Technology

    WASHINGTON—Today, Members of the Subcommittee on Agriculture, Energy, and Trade heard from a panel of witnesses from all over the country who participate in the Small Business Administration’s (SBA) Small Business Investment Company (SBIC) Program. “As a way to inject more equity into the small business ecosystem to address the gap in long-term financing, the SBA created the Small Business Investment Company Program, also known as the SBIC Program, in 1958,” said Subcommittee Chairman Rod Blum (... Read more

  • SBC Sends Letter To Ways & Means Requesting Consideration of H.R. 3717
    Posted in Press Releases on October 26, 2017 | Preview rr
    Tags: Taxes

    WASHINGTON – This week, House Small Business Committee Chairman Steve Chabot (R-OH) sent a letter with Ranking Member Nydia Velázquez (D-NY) to House Committee on Ways and Means Chairman Kevin Brady (R-TX) and Ranking Member Richard Neal (D-MA) requesting the Committee consider H.R. 3717, the Small Business Owners’ Tax Simplification Act. H.R. 3717 would update the tax code for small businesses, startups, and entrepreneurs. In the letter, Chairman Chabot and Ranking Member Velázquez stated: “The... Read more

  • Small Business Tax Reform: Modernizing the Code for the Nation’s Job Creators
    Posted in Press Releases on October 4, 2017 | Preview rr
    Tags: Taxes

    WASHINGTON—Today, Members of the House Small Business Committee heard from a panel of witnesses representing all sectors of small business on a key issue facing not only America’s 29 million small businesses, but also Congressional leaders—tax reform. “As the discussions surrounding tax reform echo in the Capitol, it is paramount that part of the conversation involves the job creators themselves – the startups; the entrepreneurs; and the small businesses that transform Main Streets across Americ... Read more

  • Small Business Committee Examines Benefits of 10,000 Small Businesses Program
    Posted in Press Releases on September 28, 2017 | Preview rr
    Tags: Taxes, Health, Access to Capital, Energy, Oversight and Regulatory Reform, Rural America, Contracting, International Trade, Workplace Issues, Technology, Disaster Assistance, Environment

    WASHINGTON – Today, House Small Business Committee Chairman Steve Chabot (R-OH) and Vice-Ranking Member Alma Adams (D-NY) held a roundtable to discuss private sector entrepreneurial development programs, and, specifically, the Goldman Sachs 10,000 Small Businesses initiative. Participants included Goldman Sachs executives, Community Development Financial Institution lenders, and small business owners who have utilized the entrepreneurial development program. The 10,000 Small Businesses program h... Read more