Washington – Today, Congressman Steve Chabot (R-OH), Ranking Member of the House Committee on Small Business, partnered with Congresswoman Nydia Velázquez (D-NY), Chairwoman of the House Committee on Small Business, to introduce the Small Business Owners’ Tax Simplification Act of 2019. The bipartisan legislation would provide small business owners with much needed clarity as they navigate the complex United States tax code by updating the code to reflect both technological advancements and mode...
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Washington – Today, Ranking Member Steve Chabot (R-OH) partnered with Rep. Jack Bergman (R-MI), Rep. Lou Correa (D-CA), and Rep. Antonio Delgado (D-NY) to introduce the Service-Disabled Veterans Small Business Continuation Act. This bipartisan legislation would allow the surviving spouse of a less than 100% service-disabled veteran to retain the federal contracting preference as a Service-Disabled Veteran Owned Small Business for three years. Currently, only surviving spouses of 100% service-dis...
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Washington – Over the last two days the House of Representatives adopted three bipartisan Small Business Committee bills, H.R. 128, H.R. 226, and H.R. 227. Following the passage of this legislation, House Committee on Small Business Ranking Member Steve Chabot (R-OH) said “The legislation passed today will significantly benefit American entrepreneurs as they work to start and scale their businesses. I look forward to continuing to work with Chairwoman Velázquez and my colleagues on both sides of...
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Washington – Today, Congressman Steve Chabot (R-OH), Ranking Member of the House Small Business Committee, released the following statement in response to the Department of Labor’s December 2018 jobs report. “Last month 312,000 jobs were added in the United States, again highlighting the health of our nation’s economy and the success of the Tax Cuts and Jobs Act’s strong growth policies. As we begin 2019, it is imperative that Congress continue to work toward fostering this economic growth. With...
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Washington – Today, the House of Representatives passed the final version of H.R. 88, the Retirement, Savings, and Other Tax Relief Act and the Taxpayer First Act. Key provisions of this legislation would significantly benefit American small businesses. Whether it is through assisting business owners with providing employee retirement plans or redesigning a more taxpayer friendly Internal Revenue Service (IRS), this legislation is another step by Congress to spur economic growth and modernize th...
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WASHINGTON – Today, the National Federation of Independent Business (NFIB) released its November 2018 Small Business Optimism Index, which reports optimism remaining high in November. Following the release of the report, Chairman Chabot (R-OH) said: “Small business optimism has remained solid over the past month, which demonstrates the enthusiasm and strong economic growth driven by wage increases that have reached a 30-year high and the creation of thousands of new jobs. There’s no question tha...
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WASHINGTON – Today, the latest quarterly Wells Fargo/Gallup Small Business Index was released, indicating a significant jump of optimism among small business owners and the highest score in the survey’s 15-year history. Upon the release of this report, Chairman Chabot (R-OH) said: “Small business owners are experiencing the positive effects of our booming economy, with indicators for a hopeful future ahead. With small business optimism reaching historic highs, our policies are not only helping s...
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WASHINGTON - Today, House Committee on Small Business Chairman Steve Chabot (R-OH) and House Committee on Veterans’ Affairs Chairman Phil Roe, M.D. (R-TN) released statements following the introduction of new legislation to better enable the Small Business Administration (SBA) and Department of Veterans Affairs (VA) to fulfill their designated responsibilities and streamline programs within the agencies. H.R. 7169, the Verification Alignment and Service-Disabled Business Adjustment (VA-SBA) Act ...
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WASHINGTON – Today, House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement in recognition of November 20, 2018, as National Entrepreneurs’ Day. “As Chairman of the Small Business Committee, I believe it’s important we do all we can to promote American entrepreneurship and new business creation. Small businesses make up 99.9 percent of all firms in the United States and employ about half of all United States workers. National Entrepreneurs’ Day is an oppor...
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WASHINGTON – Today, Members of the House Small Business Committee joined together to introduce a bipartisan House resolution recognizing the Saturday after Thanksgiving, November 24, 2018, as “Small Business Saturday.” “Small Business Saturday is an incredible opportunity for communities to rally around the more than 30 million small businesses during the holiday season,” said Small Business Committee Chairman Steve Chabot (R-OH). “With two out of three net new jobs generated from small business...
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