Huelskamp Holds Hearing on Simplifying Taxes for Small Businesses

Press Release

With less than one week until tax day on April 18, today Chairman Congressman Tim Huelskamp (KS-01) held a hearing on simplifying taxes for small businesses. As chairman of the House Small Business Subcommittee on Economic Growth, Tax and Capital Access, Huelskamp and his colleagues heard from a private sector panel to examine key tax provisions in a hearing titled "Keep It Simple: Small Business Tax Simplification and Reform."

Many small business owners across the country are filing their tax returns. For many small businesses, taxes and the costs involved with complying with the law can drive business decisions. Employers with more than 50 employees face a tax compliance burden of somewhere between $182 and $191, while the smallest employers with 1-5 employees spend between $4,308 and $4,736 per employee, an astronomical difference.

One focus of the hearing today was the many people who travel across state lines to do their jobs, whether that might be for farming, sales, or to provide health care services. These employees and their employers are forced to comply with a patchwork of confusing, outdated, and sometimes predatory nonresident state income tax laws.

Huelskamp issued the following statement on the hearing:

"We should be encouraging our small businesses and helping them to succeed, not erecting barriers to block their way. Every dollar that a small employer spends on tax compliance is a dollar that could have been used to invest back in the business or to hire another employee. Every hour that a small employer spends on tax compliance is an hour wasted that could have been spent on their actual business. It's time to simplify our tax system to help our small businesses."

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