The House Ways & Means Committee will begin marking up a small business tax package today, according to committee chairman Charles Rangel, D-N.Y.
While the Senate passed a minimum wage bill on Feb. 1 containing $8 billion in small business tax incentives, the House minimum wage bill that passed in January contained no such provisions.
“Thank goodness the House Democratic leasers changed their mind about getting a minimum wage/small business tax relief package passed,” said Sen. Chuck Grassley, R-Iowa, ranking member of the Senate Finance Committee.
“Alongside the tax relief that small businesses deserve, Congress should take advantage of the tax reforms in the Senate-passed bill,” he said. “There’s no good reason to delay passage of our measures to close loopholes and shut down tax shelters.”
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