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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WASHINGTON – Today, House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement in recognition of National Veterans Small Business Week; November 5-9, 2018. According to the United States Small Business Administration, there are 2.5 million veteran-owned small businesses in the United States, with a 3 percent growth from 2007-2012. “Our nation’s heroes work hard to preserve and protect the homeland. They deserve to have the necessary resources to bring their b...
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WASHINGTON – Today, House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement after the United States Department of Labor announced an additional 250,000 jobs were added in October. “With 250,000 jobs added this October, unemployment remaining at 3.7 percent, and wage growth at the fastest pace in a decade, America's 30 million small businesses are experiencing a boost in economic growth like never before. I’m pleased to see the positive effects of our econo...
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WASHINGTON – House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement after the proposed rule on Health Reimbursement Arrangements (HRA) by the Departments of Labor, Health and Human Services, and the Treasury was published on October 29. “Since 2013, the year before many of Obamacare’s regulations and mandates took effect, premiums have doubled for Obamacare’s individual health insurance plans. For this reason, this rule is vital for the health of America’...
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WASHINGTON – Today, House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement after meeting with local members of the Ohio Franchise Business Network in Cincinnati, Ohio. The International Franchise Association invited Chairman Chabot to this meeting to update members on legislation affecting small business franchises. “Franchises bring together innovators, entrepreneurs, local communities, and brands by the opportunity they offer job creators. With 7.6 mill...
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