WASHINGTON, DC – The U.S. Department of Labor reports that unemployment in the U.S. has now risen to 9.4%, a percentage the nation has not seen since 1983. Ranking Member Sam Graves of the House Small Business Committee responded to the news by saying: “Today’s unemployment numbers should be a wake up call for the White House and Speaker Pelosi. Washington is not doing what is necessary to help Am... Read more »
First Time in 10 Years Entrepreneurial Development Programs Reauthorized WASHINGTON, DC – Today the Job Creation through Entrepreneurship Act of 2009 passed in the House of Representatives. The Act reauthorizes the Entrepreneurial Development programs of the Small Business Administration (SBA). Some important changes to these programs include increased coordination and redevelopment of programs to... Read more »
WASHINGTON, DC – Today the House Small Business Committee’s Subcommittee on Finance and Tax examined the complexity of tax codes on small business owners. Today the tax code consists of over 67,000 pages, there are over 1,638 different tax forms, and the IRS estimates that it takes over 37 hours to complete the basic 1040 form. There have been more than 3,250 changes to the tax code, an average of... Read more »
WASHINGTON, DC – Today the House Small Business Committee heard testimony from Douglas Shulman, Commissioner of the Internal Revenue Service (IRS) and Mr. Christopher Smith, owner of S.T.O.P –Northland, a small business near Kansas City, Missouri. The purpose of the hearing was to examine the cost of tax compliance for small businesses. According to a 2008 Syracuse University study, the IRS has s... Read more »
WASHINGTON, DC – Today the House Small Business Committee’s Subcommittee on Investigations and Oversight examined the recent decline in equity investments, such as venture capital, angel investing, and private equity, in small businesses. The amount of money in the investment market can fluctuate from year to year. During the tech and internet boom of the 1990s, over $104 billion was invested thro... Read more »
MEDIA ADVISORY Hearing – “Expanding Equity Investment in Small Business” WASHINGTON- The House Committee on Small Business, Subcommittee on Investigations and Oversight will hold a hearing entitled, “Expanding Equity Investment in Small Business” on Thursday, March 26, 2009, at 10:00 a.m. in Room 2360 of the Rayburn House Office Building. The hearing will focus on current issues related to equity ... Read more »
WASHINGTON, DC – The House Small Business Committee held a hearing today to listen to small business owners, small physician providers and others who could be affected by proposals in the FY 2010 budget. The hearing titled, “The President’s Budget and Medicare: How Will Small Providers Be Impacted?” examined the issues related to the health care spending in President Obama’s 2010 budget. Nearly 46... Read more »
WASHINGTON, DC – The House Small Business Committee, Subcommittee on Contracting and Technology held a hearing today titled, “Ensuring Stimulus Contracts for Small and Veteran-owned Businesses,” consisting of witness panels of representatives from federal agencies, small businesses and advocates for veterans. The purpose of the hearing was to examine the efforts of federal agencies to ensure that ... Read more »
