Search Form
First, enter a politician or zip code
Now, choose a category

Public Statements

Jump Start for Job Creators


Location: Washington, DC

Last week, I introduced bipartisan legislation called the Jump Start for Job Creators Act. Small businesses are responsible for two-thirds of the nation's annual job growth. Yet today, many are sitting on the sidelines. In fact, new business startups have slowed to their lowest level in nearly a generation. Under current law, the maximum deduction for small business start-up expenses is limited to $5,000 if the total start-up expenses are less than $50,000. What I want to do is allow start-ups to expense their deductions up front at a higher rate. My bill will increase the maximum deduction to $20,000 over a longer period of time, and increase the ceiling for start-up expenses to $75,000

Skip to top

Help us stay free for all your Fellow Americans

Just $5 from everyone reading this would do it.

Back to top