WASHINGTON, DC— House Small Business Committee Chairman Sam Graves (R-MO) today joined House Majority Leader Eric Cantor (R-VA), House Majority Whip Kevin McCarthy (R-CA) and other House Republican colleagues at a press conference to unveil the 20 percent Small Business Tax Cut Act this afternoon. “[T]he majority of jobs in this country are created by small businesses, and if small businesses aren... Read more »
House Small Business Committee Chairman Sam Graves (R-MO) today issued the following statement on the President’s FY2013 Budget: “American small businesses are facing an unprecedented number of barriers to growing their companies, and today’s budget adds to their problems by fueling the cloud of debt that lingers over the nation. This budget is bad for small businesses because it further strains t... Read more »
House Small Business Committee Chairman Sam Graves (R-MO) today issued the following statement on the Internal Revenue Service’s (IRS) decision to reverse its implementation of the new “third-party payer” reporting requirements, or 1099-Ks, and its disproportionate impact on small businesses. “I’m pleased that the IRS decided to reverse course on its requirement of reconciliation of gross receipts... Read more »
Graves Holds Hearing on the State of American Small Businesses “There is no doubt that the lack of certainty in burdensome regulatory requirements and complex tax structures coming from Washington continues to be an impediment for growth and job creation for small business owners.” WASHINGTON, DC— House Small Business Committee Chairman Sam Graves (R-MO) today held a hearing to examine obstacles t... Read more »
What Small-Business Owners Want to Hear in State of the Union Speech By Chairman Sam Graves January 23, 2012 What do small-business owners want from the government? The short answer: Move out of the way. Eight out of 10 small-business owners say they want the government to stay out of the way instead of providing a “helping hand,” according to a recent U.S. Chamber of Commerce survey. Eighty-six ... Read more »
Small Business Committees, Advocates Hesitant to Back Obama’s Restructuring Proposal By J.D. Harrison, Washington Post Lawmakers and small business advocacy groups today applauded the President Obama’s decision to add a cabinet seat for the head of the Small Business Administration, but many were hesitant to back his broader proposal to restructure part of the federal government. On the heels of ... Read more »
Tax Reform Should Include Individual Reform By Chairman Sam Graves November 17, 2011 The Internal Revenue Code is nearly 70,000 pages and about 3.8 million words long. It is highly unlikely that anyone would dispute that this complex and confusing system is in dire need of reform — especially for small businesses. Tax reform is critical to the nation’s ability to create jobs and grow the economy.... Read more »
WASHINGTON, DC— Economic Growth, Tax and Capital Access Subcommittee Chairman Joe Walsh (R-IL) today held a hearing to examine the need for individual tax reform for small businesses that will help our nation’s best job creators thrive instead of being crippled by unnecessary burdens. A large majority of small businesses are 'pass through' entities— those that pay their taxes on their individual t... Read more »
Small Business To Supercommittee: We Need More Certainty In Tax Policy Owner: “There are a lot of things we’re not doing because we are not sure what the tax codes are going to be.” WASHINGTON, DC— During today’s Small Business Subcommittee on Economic Growth, Tax and Capital Access hearing entitled, “Pro-Growth Tax Policy: Why Small Businesses Need Individual Tax Reform,” Chairman Joe Walsh (R-IL... Read more »
House Small Business Committee Chairman Sam Graves (R-MO) and Contracting and Workforce Subcommittee Chairman Mick Mulvaney (R-SC) issued the following statements on House passage of H.R. 674, legislation to repeal the 3% withholding requirement for contracting businesses: Chairman Graves said, “As the Chairman of the Small Business Committee, I consistently hear about burdensome taxes and regulat... Read more »
