Roskam, Hultgren Announce House Passage of Small Business Tax Cut Act, Kinzinger Urges Help for U.S. Manufacturers

-By Warner Todd Huston

This week, Reps. Peter Roskam (IL, 6th) and Randy Hultgren (IL, 14th) announced passage of the Small Business Tax Cut Act and Rep. Adam Kinzinger (IL, 11th) urged the Commerce Dept. to “level the playing field for American manufacturers.”

Roskam Applauds House Passage of Small Business Tax Cut

WASHINGTON – Chief Deputy Whip Peter Roskam (IL-06) issued the following statement today applauding the House passage of Majority Leader Cantor’s Small Business Tax Cut Act.

“Washington has created one obstacle after another to job creation. For the small business person just trying to get their head up above water, the Small Business Tax Cut Act is a pathway forward for them to grow, prosper, and hire. While the Senate spent this week voting on a tax increase that won’t create a single job or help reduce our debt, House Republicans voted to provide Americans with tax relief, job creation, and economic growth. It’s a commonsense plan that puts us on a trajectory away from our current high unemployment while we continue to lay the framework for comprehensive, pro-growth tax reform. I urge the Senate and President Obama to join the House in supporting small businesses – the engine of our economy – by supporting this bill.”

Hultgren Votes To Cut Taxes On Small Business Owners

Washington, D.C. – U.S. Rep. Randy Hultgren (IL-14) today issued the following statement after voting for H.R. 9, legislation cutting taxes on small business owners.

“Small businesses are the engines of our economy, and today the House of Representatives voted to cut their taxes so that they can expand and hire,” said Hultgren. “Cutting the tax burden for small businesses by 20 percent will help 22 million small business owners, including almost one million in Illinois alone. In the Land of Lincoln, more than 145,000 small business jobs were lost between 2008 and 2009, and today’s tax cut will help bring some of those jobs back.”

Local businesses would benefit directly from H.R. 9; the 20 percent tax cut would help them expand their businesses and hire workers.

“The bill passed by the House would have immediate real world effects for Auto Meter, and would save our company over $500,000 on our federal tax bill,” said Kent Alcott, Chief Financial Officer of Auto Meter Products, based in Sycamore, Illinois. “These savings would enable us to make a multi-million dollar investment in an expanded product line, and would also allow us to hire additional employees. I’m glad that Congressman Hultgren and others in Congress voted for this, it’s exactly what small businesses need to grow and hire.”

“Today’s tax cut is also exceptionally timely, given that a recent survey from the National Federation of Independent Business found that small business owners are less optimistic about the future,” said Hultgren. “I have heard from small business owners across the 14th District that their optimism – and their plans for future growth – is based in part on the prospects for lower taxes and a reasonable regulatory regime. As we have proven again today, House Republicans are committed to cutting taxes and red tape, giving small businesses the certainty they need to put Americans back to work.”

More information on the NFIB survey is available here; additional statistics regarding H.R. 9’s impact on Illinois can be found here.

Kinzinger Urges Commerce Secretary to Level Playing Field for American Manufacturers

Washington, D.C. – Today, Congressman Adam Kinzinger (R-IL) a member of the House Energy and Commerce Committee, held a hearing along with members of the Commerce, Manufacturing, and Trade Subcommittee on the current state of the American manufacturing sector. Kinzinger pressed U.S. Secretary of Commerce John Bryson on the need for a level playing field so manufacturers can compete in foreign markets. He specifically pointed to the March Manufacturing Output Index which slipped to .2 percent from .8 percent, noting that this is a “dangerous sign that our economy is slowing due to higher costs of transportation.” Kinzinger went on to emphasize that Illinois manufacturers are calling for a fair and competitive tax code, less intrusion from Federal agencies, and a sound supply of abundant affordable energy.

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