Small Businesses

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 Supports Time-Out for EPA Regulations

| Posted in Press Releases

“Like many Idahoans, I am deeply concerned that the EPA has drastically expanded its regulatory authority,” said Simpson. “By pumping out new regulations every week, the Obama Administration is using the EPA to force on the American people an extreme environmental agenda that is hurting our fragile economy.” Read more »

House Passes Bill to Reduce Regulatory Burden

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“Congress never intended for pesticide applications that are already regulated under FIFRA to also require permits under the Clean Water Act. Yet because the court did not interpret congressional intent correctly, we must act now to ensure that farmers, ranchers, and forest managers—as well as mosquito abatement districts and local governments—won’t face unnecessary and duplicative regulations that would make it more difficult to do their jobs,” said Congressman Simpson during debate on the bill last night. “Everyone here supports protecting our water supply from polluters who are acting in violation of our nation’s environmental laws and regulations. But adding another layer of regulation by requiring NPDS permits for application of these pesticides doesn’t make them safer—it only piles unnecessary paperwork on top of day-to-day operations for small businesses, farmers, and local governments.” Read more »

Simpson, Labrador Vote to Repeal 1099 Requirements for Small Business under Obamacare

| Posted in Press Releases

“The entire health care bill needs to be repealed, but while we wait for the U.S. Supreme Court to bring the case forward and rule on its constitutionality, this requirement must be repealed immediately,” said Simpson. “The Democrat health care bill contains expensive and burdensome regulations on small businesses that they cannot afford. We should repeal this excessive reporting provision immediately and continue to work on full repeal so we may focus on promoting measures that would encourage small businesses to grow and create jobs.” Read more »

Simpson Supports Terminating Tax Code

| Posted in Press Releases

“Over the last few years there have been several proposals to curtail the Internal Revenue Service’s (IRS) intrusion into the American homes. These include proposals to implement a flat tax or a national sales tax,” said Simpson. “I believe the most effective course of action is to sunset the current complex and unfair federal tax code and replace it with a simple and fair alternative.” Read more »