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Small Business Tax Relief

By   /   June 18, 2014  /   6 Comments

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cutcaster-photo-100228002-TaxesWASHINGTON –  Rep. Paul Cook (R – Apple Valley) voted for two bills that will foster small businesses growth, H.R. 4457, the America’s Small Business Tax Relief Act of 2014, and H.R. 4453, the Permanent S Corporation Built-In Gains Recognition Period Act of 2014. Both bills adjust the tax code to ease the tax burden on America’s small businesses.

The America’s Small Business Tax Relief Act will help small businesses by allowing them to deduct investments in new equipment and property in the year they are purchased. This mitigates the effects of a crippling corporate tax rate that pushes them to move jobs overseas. The S Corporation Permanent Tax Relief Act helps businesses by synchronizing the tax code to correspond with a standard five-year business plan. Both measures bring much needed certainty to small and medium sized businesses, allowing them to focus on creating jobs and re-energizing the economy.

Cook said, “The best thing Washington can do to promote prosperity is to get out of the way. Providing assurance that taxes won’t change allows businesses to grow and hire. Every dollar businesses send to Washington is one dollar they can’t use to invest in equipment, hire a new employee, or increase wages.

“Pro-growth policies like this are the best way to build an America that works. For people outside of Washington who are risking everything to pursue their dream of running a small business, common sense policies like these are a necessity. Entrepreneurship is a core American value, and it is essential that we do all we can to encourage prosperity.”

A member of the House Veterans’ Affairs, Armed Services, and Foreign Affairs Committees, Cook served in the U.S. Marine Corps.

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Dan OBrien

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Cactus Thorns has been online in one form or the other since 2001. What started as a personal blog documenting the corruption and lack of Due Process of the 29 Palms Community Development Department has turned into over these many years into a hugely popular Independent Alternative News Media Outlet. We have partnered with other media including The Desert Star Weekly, Joshua Tree Star, other blogs, indie media and an incredible staff of volunteer Reporters, Commentators and Opinion Makers to create one of the most read, honest and dependable alternative to the Local traditional Media services in the country. Thanks to you the reader we are in the 5% of most read sites in the World.

6 Comments

  1. Mark Clemons Mark Clemons says:

    Ass backwards, what needs to be done is give a tax break to the workers,give them purchasing power and business will prosper. It is time we put the working stiffs, the real producers of our economy at the top of the list. Remember it is demand that creates jobs not tax cuts for the wealthy.

    Best solution is no IRS google this country’s accomplishments prior to 1913 and the creation of the private central bank. There is no surprise that the century of global wars and central banks went together.

    We now trade in debt, that is what the FEDERAL RESERVE NOTE
    header on that dollar means

    • Mark,

      The window of opportunity is open for you: START YOUR ENGINE. :-)

    • Larry Briggs Larry Briggs says:

      We had quite a few financial panics prior to 1913.No IRS means no one to audit for whatever taxes you would think we have to pay.

      • Dan OBrien Dan OBrien says:

        Which begs the question…. As your memory is so well intact….. From my reading the free economy is self healing prior to 1913 every 20 years or so there would be a recession. With no government intervention, Banks would fold, jobs would be lost and within a year things would return to normal.

        After the Federal Reserve recessions would happen every 15 years, Government and the Federal Reserve interfere and banks would close, jobs were lost and within 5 years things would get back to normal.

        This is Progress?

      • Mark Clemons Mark Clemons says:

        Thomas Jefferson

        “The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered. ”

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