Tax Relief for Small Businesses Passes House
Small businesses are the key driver of job creation in our country, generating 65% of the new jobs in this country over the past 17 years. In California, there are over half a million small businesses that employ over 6.5 million workers. On Thursday, House Republicans voted to provide tax relief to these small business employers. The Small Business Tax Cut Act will allow businesses with fewer than 500 employees --which represent 99.9% of the nation's 27.5 million businesses - to deduct 20 percent of their active business income. This tax relief will free up capital for small business owners to expand, hire new workers, invest in new equipment, or meet other needs that they deem best for their business. According to the Joint Committee on Taxation, this legislation will benefit over 22 million small business employers nationwide, reducing their taxes by nearly $46 billion. Congressman Miller supported this measure to help California's small businesses grow and create new jobs.
And Speaking of Taxes ..
On Tuesday, millions of Americans sent in their checks to the Internal Revenue Service to cover the trillion-plus dollars that the federal government will spend this year. However, unless Congress acts this year, Tax Day 2013 could be even more painful for American families and small businesses. Beginning January 1, marginal income tax rates will rise, the marriage penalty will be restored, higher taxes will be levied on dividends and investment earnings, and the death tax will be fully reinstated. If allowed to take effect, these tax increases will have a devastating impact on economic growth and stifle job creation. Congressman Miller believes it is imperative that Congress act to reform our nation's complex and broken tax code and prevent these massive tax increases on hard-working American taxpayers and job creators.
House Votes to Support Recreational Hunting and Fishing on Public Lands
Recreational fishing, hunting, and shooting are fundamental parts of America's history and character. On Tuesday, the House passed H.R. 4089, the Sportsmen's Heritage Act of 2012, to protect the right of Americans to fish and hunt free of unnecessary government restrictions and limitations. The bill requires the Bureau of Land Management (BLM) to support and facilitate use and access for recreational hunting, shooting, and fishing on BLM and Forest Service land. The measure also limits the BLM from closing or restricting recreational shooting on public lands unless justified by national security or public safety purposes, or to comply with federal or state laws and regulations. H.R. 4089 would also prevent the Environmental Protection Agency (EPA) from regulating ammunition and fishing tackle. Congressman Miller supported this legislation to ensure our nation's recreational hunters and anglers have continued access to America's great outdoors.
Deadline Nearing for Artistic Discovery Competition
Congressman Miller would like to remind high school students in the 42nd Congressional District interested in the Artistic Discovery Congressional Art Competition that all submissions are due to his Brea office by 5:00pm Wednesday, April 25, 2012. Each student may submit one original piece of artwork for judging. The first place winner will have their artwork displayed in the U.S. Capitol Building, and will receive two round-trip tickets to attend a special reception in Washington, D.C. Second and third place winners will have their artwork displayed in the Congressman's DC and District offices, respectively. Restrictions on size, weight and mediums apply. For more information on Artistic Discovery, please contact Sara Benoit at the Brea office at (714) 257-1142.
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