The Brady Brief - Small Business Jobs Bill

Statement

Dear Friend,

This week, the House passed a strong Small Business Jobs Bill, providing millions of small businesses with the tax relief and access to credit that they need to expand, grow, and hire workers. I voted for this bill because it will allow our small businesses, the backbone of our economy, the tools necessary to put people back to work.
The following outlines the major provisions, but for more information click here.
* Zero taxes on capital gains from key small business investments
* Extension and expansion of small business' ability to immediately expense capital investments
* Extension of 50% bonus depreciation for 2 million businesses
* A new deduction of health insurance costs for self-employed
* Tax relief and simplification for cell phone deductions
* An increase in the deduction for entrepreneurs' start-up
* A five-year carryback of general business credits
* Limitations on penalties for errors in tax reporting that disproportionately affect small business
I look forward to the President signing this into law so our small businesses can receive the help they need to succeed. Rest assured that I will continue to fight to improve our economy and get Americans back to work. If you have any questions regarding this, or any other issue, don't hesitate to contact me.

Sincerely,

Robert Brady
Member of Congress

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