Reichert Applauds Release of Ways and Means Small Business Tax Reform Draft

Mar 12, 2013 Issues: Economy and Jobs, Tax Policy

Rep. Dave Reichert (R-WA) applauded Ways and Means Committee Chairman Dave Camp’s release of a draft tax reform proposal aimed at creating a fairer and simpler tax code for small businesses.  The reform proposal includes many of the provisions of Rep. Reichert’s S Corporation Modernization Act of 2013 (H.R. 892), introduced by Rep. Reichert in February. 

 “Small businesses play an integral role in our economy and are responsible for more than half the jobs in Washington State and across the country,” said Reichert.  “The chairman’s draft will make it easier to start a small business, help small businesses access capital, and lower tax compliance burdens, so that small businesses can do what they do best - grow and create jobs.  I look forward to gathering feedback from small businesses in Washington’s 8th District to help ensure that we’re doing everything we can to make sure America has the best possible tax code.”

 Rep. Reichert has been a member of the tax-writing Ways and Means Committee since 2009 and is chairman of the Human Resources Subcommittee.  The small business tax reform draft follows three hearings from the 112th Congress on business related tax issues.  Comprehensive tax reform, of which small business tax reform plays an instrumental part, is the overall, stated goal of the Ways and Means Committee for the 113th Congress.