Small Businesses

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  • Simpson Co-Sponsors Banking Regulatory Reform
    Posted in Press Releases on May 12, 2016 | Preview rr
    Tags: Small Businesses, Economy , Banking and Finance

    Idaho Congressman Mike Simpson is a cosponsor of H.R. 2896, the Taking Account of Institutions with Low Operation Risk Act of 2015. The TAILOR Act would provide smaller community banks and credit unions with regulatory relief. H.R. 2896 requires federal financial regulatory agencies to consider the risk profile and business models of financial institutions when taking regulatory action; and requires agencies to tailor regulations accordingly as appropriate and necessary. Currently, small traditi... Read more

  • Simpson Votes to Stop Obama Administration Anti-Gun Initiative
    Posted in Press Releases on February 4, 2016 | Preview rr
    Tags: Second Amendment, Small Businesses, Banking and Finance

    Idaho Congressman Simpson supported H.R. 766, the Financial Institution Customer Protection Act, to curtail the Obama Administration’s regulatory enforcement program known as “Operation Choke Point.” “Operation Choke Point” is a Department of Justice (DOJ) initiative in which federal banking regulators investigate banks’ business with merchants deemed to be at high risk for fraud and money laundering and “choke off” businesses alleged to have committed fraud from access to financial services. In... Read more

  • Congress Sends First Ever Obamacare Repeal Bill to President’s Desk
    Posted in Press Releases on January 6, 2016 | Preview rr
    Tags: Small Businesses, Healthcare, Economy

    Idaho Congressman Mike Simpson supported the Senate amendment to H.R. 3762, the Restoring Americans’ Healthcare Freedom Reconciliation Act today which builds on the House passed version from October. The legislation repeals the most onerous Obamacare provisions through a mechanism known as reconciliation, which is a budgeting process that allows Congress to align the priorities outlined in the budget resolution with existing law. This is the first Obamacare repeal bill that will reach the Presid... Read more

  • Transportation Appropriations Bill Passes House with Simpson’s Truck Weight Language Intact
    Posted in Press Releases on June 10, 2014 | Preview rr
    Tags: Transportation and Infrastructure, Small Businesses, Agriculture

    Idaho Congressman Mike Simpson today supported final passage of the Fiscal Year 2015 Transportation, Housing and Urban Development Appropriations bill, which passed the House 229 to 192. The bill included Simpson’s language increasing truck weights on Idaho Interstates Highways to 129,000 pounds. The increase, above the current allowance of 105,500 pounds, puts Idaho in line with neighboring states and with Idaho’s state highway system, which already allows 129,000 pound trucks. The language com... Read more

  • Simpson to FDA: Listen to Farmers on Food Safety
    Posted in Press Releases on November 25, 2013 | Preview rr
    Tags: Small Businesses, Agriculture

    “Earlier this year, the U.S. Food and Drug Administration (FDA) released more than 1,236 pages of new regulations governing the growing, harvesting, packing and holding of fresh produce. While it is of utmost importance to preserve the safety of the U.S. food supply, I am concerned about the scientific necessity of this rule and the economic impact that it would have on growers in Idaho. “The proposed rule, Standards for the Growing, Harvesting, Packing, and Holding of Produce for Human Consumpt... Read more

  • House Passes Working Families Flexibility Act
    Posted in Press Releases on May 8, 2013 | Preview rr
    Tags: Small Businesses, Family and Social Issues

    Congressman Simpson Supports Measure and Praises Passage Read more

  • Simpson Says No to Higher Taxes
    Posted in Press Releases on August 1, 2012 | Preview rr
    Tags: Small Businesses, Taxes

    Idaho Congressman Mike Simpson today voted for H.R. 8, the Job Protection and Recession Prevention Act of 2012. This legislation would extend through December, 2013, the low-tax policies originally enacted in 2001 as part of the Economic Growth and Tax Relief Reconciliation Act. “I cannot support raising taxes on Americans while we struggle to emerge from a recession,” said Simpson. “Tax relief is vital to job creation, and in times of economic uncertainty it is especially important that we impl... Read more

  • House Takes Steps to Reduce Federal Regulations on Small Businesses
    Posted in Press Releases on July 26, 2012 | Preview rr
    Tags: Small Businesses

    Idaho Congressman Mike Simpson supported legislation today that will help reduce the uncertainty plaguing our economy as a result of the Obama Administration’s excessive regulatory rule writing. H.R. 4078, the Red Tape Reduction and Small Business Job Creation Act passed the House with a final vote of 245-172. “I have been stunned by the volume of regulations promulgated by the current Administration, and I am well aware of the economic impact these rules have on Idaho businesses,” said Simpson.... Read more

  • Simpson Cuts EPA Budget, Reins in Regulatory Agenda
    Posted in Press Releases on June 29, 2012 | Preview rr
    Tags: Small Businesses, Economy , EPA and Environmental Policies

    Chairman of the House Interior and Environment Appropriations Subcommittee focuses on jobs, economic growth in FY2013 funding bill Read more

  • Simpson Supports Lower Taxes for Small Businesses
    Posted in Press Releases on April 19, 2012 | Preview rr
    Tags: Small Businesses, Taxes

    The U.S. House of Representatives today passed H.R. 9, the Small Business Tax Cut Act of 2012, which allows businesses with fewer than 500 employees to reduce their profit subject to taxation by 20% in the 2012 tax year. Idaho Congressman Mike Simpson supported the measure, which passed with a final vote of 235-173. Small businesses currently face up to an astounding 35% federal tax. Additionally, the individual tax rates that apply to small pass-through businesses are scheduled to increase sign... Read more

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