Taxes

Simpson Says No to Higher Taxes

| Posted in Press Releases

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 This legislation would extend through December, 2013, the low-tax policies originally enacted in 2001 as part of the Economic Growth and Tax Relief Reconciliation Act.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... Read more »

Simpson Supports Lower Taxes for Small Businesses

| Posted in Press Releases

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,... Read more »

Simpson Joins Bipartisan Vote to Repeal Withholding Tax

| Posted in Press Releases
Tags: Taxes

Idaho Congressman Mike Simpson today lauded passage of legislation to repeal a 3% withholding on government contractors. H.R. 674 passed the House by a strong bipartisan vote of 405-16. Simpson has been a cosponsor of this legislation since 2008. “Democrats and Republicans alike recognize that allowing this provision of law to go into effect would increase costs for state and local governments an... Read more »