Mike Conaway: It is a great day to be cutting taxes
Today, Rep. K. Michael Conaway (R-TX) voted in support of H.R. 9, the Small Business Tax Cut, which provides small businesses, regardless of how they are organized, a 20-percent deduction against active business income for tax year 2012.
“This bill stands in stark contrast to the damaging policies coming out of the Senate and the White House which only take more money from struggling businesses and punish them for succeeding. Instead of punishing job creators, Republicans want to reward those who start small businesses, grow jobs and succeed in helping to grow our economy.
“Today’s legislation will cut taxes for small business tax cut by 20 percent. This cut will help 22 million American small businesses, most of which are mom and pop run businesses struggling to get by, keep more of their hard earned money so they can survive these though economic times, buy new equipment, invest in their workers and get ready to succeed.”Information regarding the Small Business Tax Cut can be found at majorityleader.gov/smallbiz including: