Rep. Tom Graves (R-GA-14) issued the following statement after voting in favor of America's Small Business Tax Relief Act (H.R. 636), legislation that would make current small business expensing levels permanent:
"This legislation could provide the extra certainty needed for small business owners to hire another employee, expand their company's operations or make a long-term investment. It will also provide job security for small business employees and their families by ensuring the cost of business does not skyrocket after the current expensing levels expire, potentially putting jobs at risk. I'm proud to vote for this common-sense bill, and I hope the Senate and president will partner with the House in making it law."
H.R. 636 makes the current expensing levels for small businesses in Section 179 of the tax code permanent.