Cantor Says GOP Hopes To Approve Small Business Tax Cut By April 15

Posted by Brian Patrick on

 FYI –


• House Republicans said Wednesday morning they will push for House passage of a small business tax cut by tax day, and plan to use the next few months to provide funding for federal infrastructure programs and incentives for U.S. energy development, and fix what they see as a broken budgeting process. … Cantor said House Republicans would introduce a small business tax cut by March that gives companies employing less than 500 people with a 20 percent cut, which he said would help them retain and create new jobs. "I hope every Democrat will join us in passing the small business tax cut by April 15," he wrote.


Cantor Says GOP Hopes To Approve Small Business Tax Cut By April 15
The Hill
Kasperowicz
February 1, 2012

House Republicans said Wednesday morning they will push for House passage of a small business tax cut by tax day, and plan to use the next few months to provide funding for federal infrastructure programs and incentives for U.S. energy development, and fix what they see as a broken budgeting process.

House Majority Leader Eric Cantor (R-Va.) sent out an email to Republican members of the House Wednesday morning to outline their plans, which he said would build on GOP efforts to ease federal regulations, reduce the deficit and create an environment for job creation.

"Our plan, which we will continue to build on throughout the year, is focused on helping small businesses grow and giving all hardworking taxpayers a fair shot and an opportunity to succeed," Cantor wrote.

On taxes, Cantor said House Republicans would introduce a small business tax cut by March that gives companies employing less than 500 people with a 20 percent cut, which he said would help them retain and create new jobs. "I hope every Democrat will join us in passing the small business tax cut by April 15," he wrote.

Regarding infrastructure, Cantor said House leaders have started work on the American Energy and Infrastructure Jobs act, which would keep federal highway programs funded "near current levels." He added that Republicans will seek to add provisions to that bill aimed at boosting domestic energy product — he did not mention the Keystone pipeline approval bill, but Republicans are known to be considering language to require the approval of that pipeline.

Cantor also outlined several bills aimed at improving the budget process. This week and next, the House will consider the Pro-Growth Budgeting Act (H.R. 3582), the Baseline Reform Act (H.R. 3578), the Expedited Line-Item Veto and Rescissions Act (H.R. 3521), and the Budget and Accounting Transparency Act (H.R. 3581).

Aside from noting bills up today on the floor aimed at curbing federal waste, he said the House would also what the Senate has been unable to do for nearly three years — pass a budget.

"Hardworking taxpayers do this every day and so will we at the end of March," he wrote. "[Budget Committee] Chairman [Paul] Ryan is preparing to put forward a fiscally responsible blueprint that builds upon last year's budget and honestly addresses the government’s 15 trillion dollar plus debt."





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