Congressman Chuck Fleischmann voted for H.R. 9 the Small Business Tax Cut Act, which provides a 20% tax cut to businesses with fewer than 500 employees.
"Between the taxes and red tape coming out of Washington, small businesses are having a difficult time. Our small businesses are the true job creators in America, but they face tax rates as high as 35%. This 20% tax cut will give 22 million small businesses the tools they need to grow their businesses and create jobs. While Senate Democrats voted for a tax increase this week, in the House of Representatives we passed a tax cut which helps small businesses hire. The contrast between our visions could not be clearer," Fleischmann said.
The Small Business Tax Cut Act creates an across the board tax cut to all small businesses; getting Washington out of the business of picking winners and losers in the marketplace.