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Ranking Member Chabot Discusses Opportunity Zones with Cincinnati Leaders, SBA Regional Administrator Rob Scott
October 9, 2019
WASHINGTON – House Committee on Small Business Ranking Member Steve Chabot (R-OH) released the following statement after participating in a Small Business Administration roundtable on Opportunity Zones yesterday: “Included in the Tax Cuts and Jobs Act, Opportunity Zones provide tremendous potential for small businesses to revitalize Main Streets across America. Small businesses have a great capacity for promoting economic and social growth. Ohio has been a great model of Opportunity Zone impleme... More
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NFIB Tax Survey: Small Business Owners Creating Jobs and Driving Economy Using Tax Cuts
October 3, 2019
WASHINGTON – Yesterday, the National Federation of Independent Business (NFIB) released their most recent survey on the effectiveness of the Tax Cuts and Jobs Act. According to the survey: 82 percent of small business owners think the tax cuts were positive for the overall economy. 66 percent reported that the Tax Cuts and Jobs Act was positive or very positive for their business. 81 percent considered the small business deduction on qualified business income as important or very important. “Thi... More
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Small Business Committee Republicans Welcome New Member Dan Bishop
October 2, 2019
WASHINGTON – One of the newest members of the House of Representatives has joined the House Committee on Small Business. Congressman Dan Bishop (R-NC), elected on September 10, 2019, will serve on the Rural Development, Agriculture, Trade, and Entrepreneurship Subcommittee. Ranking Member Steve Chabot (R-OH) welcomed Congressman Bishop to the Small Business Committee, saying, “Congressman Bishop’s experience as a county commissioner and state legislator gives him valuable insight to the needs of... More
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Reps. Chabot, Velázquez Support Bill to Reduce Burden on Small Beverage Producers
October 1, 2019
WASHINGTON – Small craft beverage producers used a reduced federal excise tax contained within the Tax Cuts and Jobs Act to expand operations and create jobs. However, the provision is set to expire at the end of this year, creating deep uncertainty for producers. Today, Ranking Member Steve Chabot (R-OH) and Chairwoman Nydia Velázquez (D-NY) sent a letter to House Committee on Ways and Means Ranking Member Kevin Brady (R-TX) and Chairman Richard Neal (D-MA) in support of H.R. 1175, the Craft Be... More
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SBIC Program Helps Bridge Equity Gap for Small Businesses
September 26, 2019
WASHINGTON – Today, the House Committee on Small Business heard from government and private sector witnesses about the Small Business Administration’s (SBA) Small Business Investment Company (SBIC) Program. “From my state of Ohio to Florida, and from coast to coast, small businesses are participating in the SBA’s programs to build, grow, and create jobs for our nation. One option within the capital access toolbox at the SBA is the Small Business Investment Company Program, also known as the SBIC... More
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