Sen.Casey Pushes Bipartisan Legislation to Help Small Businesses

- “U.S. Sens. Bob Casey (D-PA) and Susan Collins (R-ME) are pushing for passage of a bill they said would boost the economy and create jobs.

The Small Business Tax Certainty and Growth Act aims to make it easier for small businesses to start, invest in capital and hire workers, but most importantly, Casey said it would mean more stability.

‘We know the economy has come a good distance and recovered a good bit,’ said Casey, ‘but we still have a ways to go, we’re not where we wanted to be.

One of the problems we’re having is job growth as it relates to small businesses is being, I believe, held back for a number of reasons; one of the reasons being uncertainty’…

The measure would also permanently double the deduction for business start-up expenses from $5,000 to $10,000.

This provision is targeted to provide a benefit only to small businesses by phasing out the deduction as start-up expenses exceed $60,000. Casey said the bipartisan bill will boost jobs by boosting small businesses.”

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