Graves Welcomes Small Business Tax Relief Act

Statement

House Small Business Committee Chairman Sam Graves (R-MO) today released the following statement on House passage of America's Small Business Tax Relief Act of 2014 (HR 4457):

"The Small Business Tax Relief Act encourages job-creating investment in new equipment. The bill would allow small businesses to plan with the certainty that Section 179 expensing levels are set at $500,000. The tax burden is always one of the top concerns for small businesses, and small businesses need more certainty in order to budget and make long-term plans. Small businesses, farmers and ranchers would greatly benefit from this stability as they consider major purchases of equipment. Often these investments require loans and significant advance planning, and it's important that small businesses know the Section 179 expensing policy isn't likely to change in the midst of their planning. This is timely legislation in an economy that did not grow last quarter. Small business growth is a key to the strong recovery this nation needs."

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