OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Small Business Tax Cut

Statement

Date: April 23, 2012
Issues: Business and Consumers Taxes

Last week I voted for and the House passed the Small Business Tax Cut Act. It would allow small businesses with fewer than 500 employees a deduction of 20% of domestic business income, equal to as much as half of their paid wages. This would have a wide affect on the U.S. economy, as most of all private sector workers are employed by businesses with fewer than 500 employees.


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