Tax Reform

Browse Documents
by Date or Issue:
  • Tax Cuts and Jobs Act Working for Countless Small Businesses
    Posted in Press Releases on July 24, 2019 | Preview rr
    Tags: Tax Reform

    WASHINGTON – Today, the House Committee on Small Business heard from a panel of experts and small business owners about the benefits of the 2017 Tax Cuts and Jobs Act. “When small business owners are using the Tax Cuts and Jobs Act to reinvest in their companies, their employees, and their communities, the intended effect of that legislation is being realized all across America,” said Ranking Member Steve Chabot (R-OH). “As a result, the small business economy is healthier now as compared to a f... Read more

  • Chabot, Velázquez Introduce Bipartisan Small Business Tax Bill
    Posted in Press Releases on January 16, 2019 | Preview rr
    Tags: Tax Reform

    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... Read more

  • Ranking Member Chabot Responds to December Jobs Report
    Posted in Press Releases on January 4, 2019 | Preview rr
    Tags: Tax Reform

    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... Read more

  • Chairman Chabot Praises Small Business Benefits of Tax Reform
    Posted in Press Releases on December 20, 2018 | Preview rr
    Tags: Tax Reform

    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... Read more

  • Chairman Chabot Highlights 15-Year High for Small Business Optimism
    Posted in Press Releases on December 4, 2018 | Preview rr
    Tags: Tax Reform

    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... Read more

  • Chairman Chabot Statement on Strong GDP Indicating Continued Economic Growth
    Posted in Press Releases on October 26, 2018 | Preview rr
    Tags: Tax Reform

    WASHINGTON – House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement after the gross domestic product (GDP) showed an annual growth rate of 3.5 percent in Q3: “Today’s report is a clear indicator that America’s small business owners and their employees are experiencing continued growth with consumer spending on the rise. This increase in consumer spending has a direct and positive impact on our nation’s 30 million small businesses. There’s no question that... Read more

  • Chabot Praises Record Unemployment Rate and Higher Wages
    Posted in Press Releases on October 5, 2018 | Preview rr
    Tags: Tax Reform

    WASHINGTON – Today, House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement after the United States Department of Labor reported that 134,000 jobs were added in September with unemployment hitting a 49-year low at 3.7 percent. In addition, the National Federation of Independent Business (NFIB) reported that 37 percent of firms are offering higher compensation in September, which is further underscored by the 2.8 percent wage increase generated in 2017. "It... Read more

  • WATCH: Chairman Chabot Applauds the Protecting Family and Small Business Tax Cuts Act
    Posted in Press Releases on September 28, 2018 | Preview rr
    Tags: Tax Reform

    WASHINGTON – Today, House Committee on Small Business Chairman Steve Chabot (R-OH) spoke on the House floor in support of H.R. 6760, the Protecting Family and Small Business Tax Cuts Act, which will greatly benefit America’s small businesses, entrepreneurs, and startups. Click here to watch the video online. As Prepared for Delivery: “Mr. Speaker, I rise in support of H.R. 6760, the Protecting Family and Small Business Tax Cuts Act. “As Chairman of the Small Business Committee, I have closely ex... Read more

  • SBC Explores the Economic Impact on Minority-Owned Small Businesses
    Posted in Press Releases on September 27, 2018 | Preview rr
    Tags: Tax Reform

    WASHINGTON – Today, the House Committee on Small Business Subcommittee on Economic Growth, Tax, and Capital Access held a hearing to examine how the recent economic expansion is affecting minority-owned small businesses. The hearing focused on how regulatory and tax changes have renewed small business optimism and benefited small business owners. “This morning we had an excellent panel to discuss how the recent surge in economic growth, and the policies enacted this Congress, have impacted minor... Read more

  • Small Business Optimism Hits 45-Year High
    Posted in Press Releases on September 11, 2018 | Preview rr
    Tags: Tax Reform

    WASHINGTON – Today, the National Federation of Independent Business (NFIB) released its Small Business Optimism Index from August, which marks a new record high in the survey’s 45-year history. “With small business optimism at the highest its been in 45 years, it’s clear that Americans are prospering, and small businesses are thriving. These historic gains are proof that the new tax law and a reduction in regulations are significantly driving our economic gains. I look forward to seeing continue... Read more