Chairman Chabot Encourages Ways & Means To Consider Tax Legislation that Assists Innovators
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 classification decisions will become even more instrumental. H.R. 3717 addresses these issues, and others, to ensure that our nation’s innovators are not constrained by an outdated code,” said Chabot.
In October 2017, the Committee held a hearing to examine how the proposed changes in H.R. 3717 could impact small businesses.
To read the entire letter, click here.