Small Business Tax Relief Act of 2010
Floor Speech
Issues: Business and Consumers Taxes
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Mr. VAN HOLLEN. Madam Speaker, I rise in strong support of the Small Business Tax Relief Act of 2010, and I commend my colleagues Representative SCOTT MURPHY and Representative BILL OWENS for bringing it to the floor today.
Simply put, this bill does two things: It provides information reporting relief to small businesses--and it closes loopholes in current law that encourage U.S. multinationals to invest overseas.
The question members must ask themselves is this: Do we want jobs in America, or do we want a tax code that rewards companies for shipping jobs overseas?
For every small business seeking to expand and create jobs, and for every American looking for work, I urge a yes vote.
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