OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Issue Position: Tax Relief for Small Businesses

Issue Position

Date: Jan. 1, 2011
Issues: Business and Consumers Taxes

Issue Position: Tax Relief for Small Businesses

To help businesses struggling in this recession, Senator Shaheen voted to allow small businesses to use 2008 losses to offset profits made during the previous five years, enabling businesses hit the hardest to obtain substantial tax refunds. Senator Shaheen also voted to increase the tax deduction small businesses can take for investing in the equipment and machinery they need to grow.


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