Legislative proposals also include minimum wage hike, family and medical leave program By Bob Sanders Published: January 2, 2019 Democrats in the NH Senate say they want to freeze business tax cuts – including those that just went into effect – increase the minimum wage and mandate payroll deductions to pay for family and medical leave under their majority as the new legislative session begins. Each of the initiatives has a bit of a twist intended to make them more palatable to business, and possibly Republican Gov. Chris Sununu. The Democrats – who also have a majority in the House – announced their “Granite State Opportunity Plan” Wednesday in the Legislative Office Building, as the House convened across the street for the first time this year. The business tax bill – which will be introduced by Sen. Lou D’Allesandro, D-Manchester, would suspend the business profits tax rate at 7.9 percent, the rate it was before New Year’s, … [Read more...] about NH Senate Democratic agenda includes rollback of business tax cuts
Small business tax cuts
Kelly specifies position on business tax cuts; Republicans charge flip-flop
By ETHAN DeWITT Monitor staff Saturday, October 13, 2018 Print Democratic gubernatorial candidate Molly Kelly clarified her stance on a recent set of business tax cuts this week, stating in an interview that she would support keeping one tax cut but repealing the other.In response to a questionnaire by the New Hampshire Business Review published Thursday, Kelly said that she would “keep the business enterprise tax cut in place” but would repeal “the business profits tax cut passed in 2017,” calling the latter tax “largely a tax giveaway to the wealthiest corporations in New Hampshire.”Speaking on repealing the business profits tax cut, she said: “Instead, I would invest that revenue in a way that benefits businesses and workers, including in public education, job training and affordable college.” The clarification came after months of campaigning in which Kelly railed against the tax cuts – signed by her … [Read more...] about Kelly specifies position on business tax cuts; Republicans charge flip-flop
Olson Shares Local Small Business Tax Reform Success Stories
Texas Insider Report: WASHINGTON, D.C. – Rep. Pete Olson (TX-22) today shared personal stories via video from small business owners in TX-22 about how they are benefiting from the Tax Cuts and Jobs Act. After the new tax law was passed, small businesses in TX-22 have been excited about how the law is impacting them. Some wanted to go on the record to let folks know how their businesses and employees will benefit. “It has been nine months since Congress passed the Tax Cuts and Jobs Act and our economy is booming. America has the strongest labor market in nearly 20 years. As of July, over 1.5 million jobs have been created thanks to tax reform and our 3.9% unemployment rate is at a 17 year low. Folks here in TX22 are talking about the benefits from the new tax law,” Rep. Pete Olson said. “Many local businesses are excited about what these reforms mean for them. They talk about the extra money they will have and their plan to help their employees and give … [Read more...] about Olson Shares Local Small Business Tax Reform Success Stories
Who’s in, out in small business tax break? It’s complicated
.......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... AlertMe WASHINGTON — Architects and engineers are still in. Accountants, doctors and lawyers remain out — mostly. New rules floated by the Trump administration lay out what kinds of businesses can take a 20 percent deduction against income taxes under the new tax law. With the proposed rules issued Wednesday , the Treasury Department and the IRS had worked for six months to bring clarity to Congress’ blueprint. But as with many aspects of the sweeping Republican tax law hustled through Congress last year, the requirements for the millions of “pass-through” businesses to score generous tax breaks are stunningly complex. ADVERTISEMENT Some business owners earning over certain income levels, for example, are excluded, as are companies that are organized in … [Read more...] about Who’s in, out in small business tax break? It’s complicated
House Republicans ready new tax-cut package, aim to advance it ahead of midterms
Erica Werner, The Washington Post Published 2:56 pm PDT, Tuesday, July 24, 2018 window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-5', placement: 'Interstitial Gallery Thumbnails 5', target_type: 'mix' }); _taboola.push({flush: true}); Photo: NICHOLAS KAMM, AFP/Getty Images Image 1of/5 CaptionClose Image 1 of 5 US Republican Representative from Alabama Bradley Byrne speaks during a House Administration Committee hearing on "Preventing Sexual Harassment in the Congressional Workplace" on Capitol Hill in Washington, DC, on November 14, 2017 as Democratic Representative from California Jackie Speier looks on. less US Republican Representative from Alabama Bradley Byrne speaks during a House Administration Committee hearing on "Preventing Sexual Harassment in the Congressional Workplace" on Capitol Hill in … [Read more...] about House Republicans ready new tax-cut package, aim to advance it ahead of midterms