Block on Trump's Asylum Ban Upheld by Supreme Court
We posted a piece a few months ago about a new bill called the Small Business Tax Relief Act of 2009, proposed by Senator Charles Grassley, R-Iowa. Now, your business, and bank account, may be benefitting from the recent upswing in the stock market over the past months, but you may have noticed that job creation and small business financing have still been a struggle. And that you have had to face tough choices such as cutting staff or cutting health care. One topic that is always hot among small business owners is taxes--and how to make them work in favor of Main Street.
With those considerations in mind, you may be wondering, yeah, whatever happened to that proposed legislation? Is it any closer to becoming law? Well this is your follow-up.
First, here's a summary of the bill's features to jog your memory. The proposed Small Business Tax Relief Act of 2009 would:
And, now, the update, according to govtrack.us:
Considering the proposed bill has spent months in committee, if you have been holding your breath for these reforms for modest and somewhat-bulky small businesses, you may want to exhale and investigate other tax relief options available.