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From the category archives: GA - Tax Relief & Fiscal Policy

New Website Seeks Feedback from Public on Tax Reform

Rep. Dave Camp (R-Mich.) and Sen. Max Baucus (D-Mont.) May 9 launched a new website, taxreform.gov, and a Twitter feed,@simplertaxes, to gather feedback from the public on tax reform. 
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Tax Committee Report Singles out ABC’s Proposal for CCM

The Joint Committee on Taxation May 6 released a report summarizing the findings and comments obtained from 11 working groups that were formed by the tax-writing Ways and Means Committee related to tax reform. The report is a part of an effort to overhaul the U.S. tax code.
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Top Priorities for Tax Reform: Parity, Simplicity and Certainty

ABC April 15 sent a letter to the U.S. House of Representatives Ways and Means Committee Tax Reform Working Group on Small Business outlining its top priorities for comprehensive tax reform.  In the letter, ABC listed its broader priorities for reforming the tax system as parity, simplicity and certainty. 
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ABC Calls Attention to New Taxes in Health Care Law

In response to a U.S. House of Representatives subcommittee hearing on the tax provisions contained in the Patient Protection and Affordable Care Act (PPACA), ABC sent a letter that called attention to several provisions that will affect ABC members, including the additional Medicare taxes on wages and investment. 
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Congress Braces for Sequestration

With across-the-board cuts to federal spending scheduled to begin on March 1, the White House and congressional leaders this week sparred over the origin, impact and alternatives to the so-called "sequester" mandated by the Budget Control Act of 2011.  Absent Congressional action, the $85.3 billion in cuts will be evenly split between defense and non-defense spending, and spread broadly to virtually every program and project.

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ABC Applauds Bill That Would Repeal the Health Insurance Tax

As part of the Stop the HIT Coalition, ABC Feb. 15 applauded the introduction of the Jobs and Premium Protection Act of 2013, a bill that would repeal the health insurance tax (HIT) provisions in the Patient Protection and Affordable Care Act (PPACA). Read the rest of entry »

Congress Passes Year-End Tax Compromise, Delays Spending Cuts

Both the U.S. Senate and the U.S. House of Representatives Jan. 1 passed legislation to permanently extend Bush-era tax policies for most income levels, softening the blow of the fiscal cliff after allowing individual rates to expire for nearly 24 hours.
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Video: ABC Member Talks About Effect of Year-End Tax Hikes on Small Businesses

Jerry Gorski, president of Gorski Engineering, Inc., Collegeville, Pa., was featured in a video by U.S. House of Representatives Majority Whip Kevin McCarthy (R-Calif.) titled, “This is Small Business.”
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Don’t Raise Taxes on Businesses, Groups Tell Congress

ABC joined 39 other organizations Nov. 27 in sending a letter to leaders in the Senate and the House urging them to avert the looming fiscal cliff of expiring tax provisions and automatic spending cuts that will effectively raise taxes on the majority of small businesses next year.
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Obama Shuts Out Small Businesses From Fiscal Cliff Talks

President Barack Obama will be holding a summit Nov. 16 at the White House with congressional and corporate leaders to discuss the impending year-end tax increases and spending cuts, known as the fiscal cliff. In a Nov. 14 statement, ABC expressed concern over the troubling exclusion of small businesses from the summit.
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