US SMEs boosted by tax reduction Bill
US Senate Bill aimed at reducing tax burden for small and medium businesses
US Senator Chuck Grassley has introduced a Bill aimed at lowering corporate
taxes for SMEs and freeing up working capital.
In passing the Bill, Grassley said the Obama administration is yet to remove
many of the tax burdens faced by this demographic, according to
‘My bill will leave more money in the hands of small business owners so they
can hire more workers, keep paying the salaries of their employees, and make
additional investments that will lead to new jobs.
‘Unfortunately, the White House seems to see a lot of small business owners
as a cash cow for other priorities and wants to raise their taxes. My point is,
if we raise taxes on the one segment of the economy that creates the majority of
new jobs, we’ll be in even worse economic shape than we are now,’ he said.