The purpose of the hearing is to examine the current state of Cyber-Security for small firms and steps that can strengthen their efforts in information protection.
Chairman Steve Chabot (R-OH)
15 Things That Remind You How Long It's Been
Since The Last Major Tax Reform
The tax code hasn't been overhauled since 1986 under President Ronald Reagan. That was nearly 30 years ago!
A lot has changed since then. See for yourself with these 1986 throwbacks.
1. The Legend of Zelda was released by Nintendo.
The Halo of its generation.
2. Ferris Bueller took the day off.
Hooky at its finest.
3. The Chicago Bears won the Super Bowl.
"They calllllll him 'The Fridge'"
Gone, but never, ever, ever, forgotten.
More than ten years before he demonstrated his ear biting technique!
"Sorry, Goose, but it's time to buzz a tower."
A classic staple for any fanny pack.
10. Richard Simmons released an aerobic
film for senior citizens.
"Now shake it out again! GOOD!"
Because what purple blob with eyebrows doesn't appeal to consumers?
Oh, how we miss this sweet, sweet nectar.
Shoulder pads and denim and leg warmers - oh my!
A total game changer!
Guys, this was a really, really, really, really long time ago.
The purpose of the hearing was to examine the need for and potential economic benefits of comprehensive tax reform.
Tax Day at the Small Business Committee:
Main Street Needs a Fairer, Flatter, and Simpler Tax Code
WASHINGTON—In today’s hearing, “Tax Reform: Ensuring that Main Street Isn’t Left Behind,” Small Business Committee members heard from real American small business operators, on Tax Day, about the need for fair, simple, and comprehensive tax reform for the survival and success of millions of small businesses and local communities.
“America’s 28 million small business owners, taxpayers themselves, repeatedly complain that the uncertainty of the tax code has made it difficult to plan or grow their companies,” Chairman Steve Chabot (R-OH) said in his opening statement. “We’ve held hearings, met with trade associations, and most importantly, we’ve talked with our constituents back home. The message we hear is always the same: we’ve got to make the tax code simpler, flatter, and fairer.”
Chairman Chabot (R-OH) introduced his constituent Scott Lipps of Sleep Tite Mattress Factory & Showroom, a family owned and operated business in Franklin, Ohio. “The small business owner works in the community, hires in the community and lives in the community,” Mr. Lipps explained. “To serve our employees and our community, we must have lower tax rates, fewer regulations, and a less confusing, less complex tax code.”
Dan McGregor of McGregor Metalworking in Springfield, Ohio told the Committee how his company has grown from a family investment in 1965 to a firm with a total of 375 employees fifty years later. Mr. McGregor walked the Committee through his company’s history as a C corporation and an S corporation, making the point that tax reform that addresses both kinds of small businesses is crucial to keeping the entrepreneurial spirit alive.
“There is no doubt that we must reform our corporate tax structure; we have the highest corporate income rates in the world,” Chairman Chabot said. “But, as our Committee has identified numerous times before—our small businesses are the backbone of our economy. They create over 60 percent of the new jobs in this country and represent over 99 percent of all employers in the United States. Because so many of these enterprises file and pay their taxes on their individual return, we cannot and must not ignore them as we move forward with any tax reform debate.”
Chairman Chabot assured witnesses that the Small Business Committee will continue to be an active voice for fair and comprehensive tax reform in the 114th Congress.
For footage and testimony from today’s hearing, click here.
Chabot Testifies in Support of Small Business Contracting Reforms
WASHINGTON – Today, House Small Business Committee Chairman Steve Chabot (R-OH) testified before the House Armed Services Committee to support the inclusion of small business contracting reform legislation to the National Defense Authorization Act for Fiscal Year 2016.
Chabot spoke in favor of H.R. 1481, the Small Contractors Increase Competition Act, legislation the Committee passed in March. This bill would require the Small Business Administration (SBA) to place a greater emphasis on small business subcontracting and participation rates. The bill would also make it easier for small businesses to embark on joint ventures as well as crack down on contracting abuses.
“Our nation demands a vital small business industrial base: it is fundamental to the health of our nation as a whole,” said Chabot. “I look forward to working with the House Armed Services Committee to ensure that small businesses continue to provide the Department of Defense and the federal government with innovative and competitive solutions to support critical programs.”
In addition to Chabot, fellow Small Business Committee Members Rep. Carlos Curbelo (R-FL) and Rep. Cresent Hardy (R-NV) also testified before the Committee in support of these small business contracting reform provisions.
Chabot’s complete statement for the record can be found here.
Next Week at Small Business: Tax Reform
Ensuring that Main Street Isn't Left Behind
WASHINGTON -- The Small Business Committee will hold the following hearing next week:
Full Committee Hearing
Chairman Steve Chabot (R-OH)
Wednesday, April 15, 2015 at 11:00 A.M.
2360 Rayburn House Office Building
Tax Reform: Ensuring that Main Street Isn't Left Behind
On Wednesday, April 15, 2015, at 11:00 A.M., the Committee on Small Business will hold a hearing titled, "Tax Reform: Ensuring that Main Street Isn't Left Behind.” The hearing will be held in Room 2360 of the Rayburn House Office Building. The purpose of the hearing is to examine the need for and potential economic benefits of comprehensive tax reform. The hearing will be webstreamed live HERE.
· Mr. Scott Lipps, Owner, Sleep Tite Mattress Factory, Franklin, OH (Testifying on behalf of the National Federation of Independent Business)
· Mr. Pete Sepp, President, National Taxpayers Union, Alexandria, VA
· Mr. Dan McGregor, Chairman of the Board, McGregor Metalworking Companies, Springfield, OH (Testifying on behalf of the S Corporation Association of America)
· Eric Toder, Ph.D., Institute Fellow, Urban Institute, Co-Director, Urban-Brookings Tax Policy Center, Washington, DC
*Members of the press interested in covering this hearing should contact Communications Director Kelley McNabb at Kelley.McNabb@mail.house.gov.*
|Amendment in Nature of a Substitute to H.R. 1481||Chabot||PASSED BY VOICE|
|Amendment #1||Hahn||PASSED BY VOICE VOTE|
|Amendment #2||Chu||PASSED BY VOICE VOTE|
Small Business Committee Passes Contracting Reform Bill
WASHINGTON – The Small Business Committee today passed legislation introduced by Chairman Steve Chabot (R-OH) to ensure more small businesses can compete for federal contracts and help save taxpayer money.
H.R. 1481, the Small Contractors Improve Competition Act, makes a series of commonsense improvements to small business contracting policies to promote increased competition, a healthier industrial base, and a more cost-effective federal procurement process.
“We know that when small businesses compete for federal work, it creates jobs, improves the quality of work, and saves taxpayers’ money,” said Chabot. “This bill is a commonsense approach to make sure that Washington is working with Main Street – not locking it out of the procurement process altogether.”
The bill is the result of a series of hearings examining small business contracting policies, including a full committee hearing in February and two subcommittee hearings last week that further exposed how unjustified contract bundling, Administration policies devaluing small business subcontracting opportunities, and the improper use of reverse auctions are keeping small businesses from participating in the federal procurement process. It incorporates a number of proposals introduced by Small Business Committee Members, including:
The Committee has received testimony supporting provisions of the bill from the American Council of Engineering Companies, Mechanical Contractors Association, Veterans Entrepreneurship Task Force, the American Legion, and the Professional Services Council.
The bill has also been endorsed by:
· The National Defense Industrial Association
· Mid-Tier Advocacy
ICYMI: Despite Birthday Celebrations, the Blistering Truth About Obamacare and Small Businesses
WASHINGTON - In the lead-up to the Obama administration's self-congratulatory celebration of the 5th anniversary of Obamacare today, national newspapers this weekend published a blistering account from the Associated Press of the law's crippling affect on American small businesses.
Highlights from the report:
“Complying with the health care law is costing small businesses thousands of dollars that they didn't have to spend before the new regulations went into effect.”
“Many small businesses don't have the human resources departments or computer systems that large companies have, making it harder to handle the paperwork."
“To pay for the extra services the business is getting from his broker, [small business manager Mike] Patton cut back on workers' bonuses and raises.”
“Complying with the law costs small businesses more than $15,000 a year.”
On his employees facing another year of no bonuses or raises: “They understand it didn't emanate from us," Patton says.
This report and the anniversary come just weeks after Small Business Committee Chairman Steve Chabot (R-OH) requested answers from HHS Secretary Sylvia Burwell on the faulty tax information sent to more than 800,000 Americans and how this latest glitch impacts the Small Business Health Options Programs (SHOPs).
Chabot Makes Second Request for Answers from HHS on Bad Obamacare Tax Information
WASHINGTON - Small Business Committee Chairman Steve Chabot (R-OH) followed up with a second request for answers from Health and Human Services Secretary Sylvia Burwell on the faulty tax information released to roughly 800,000 Americans at the height of tax season.
Chabot sent his original letter, seen here, on February 25, 2015, with five inquiries related to how this bad information impacted Americans receiving health coverage through the Small Business Health Options Programs (SHOPs). "I asked specific questions regarding this incident and requested a response by March 6, 2015," Chairman Chabot said. "It is now March 23, 2015, and I have yet to receive anything from your office."
In addition to the five questions Chabot originally asked, today's letter makes two further inquiries:
1. How many of these delayed 80,000 corrected forms will be sent or made available to small business owners who purchased insurance on the Small Business Health Options Program (SHOP)?
2. What effort is the Department making, in conjunction with the Internal Revenue Service, to ensure that taxpayers will be able to file accurate and timely tax returns if they have received incorrect information concerning their health care coverage from HHS?
Today's follow-up comes on the fifth anniversary of the signing of Obamacare into law and amid continued reports of small business struggles caused by the law. Chabot requested a response to his inquiries by close of business this Friday, March 27, 2015.
Chabot Introduces Small Business Contracting Reform Bill
Incorporates solutions from New Committee Members
WASHINGTON – On Thursday, Small Business Committee Chairman Steve Chabot (R-OH) introduced H.R. 1481, the Small Contractors Improve Competition Act.
This bill is the result of a series of hearings examining small business contracting policies, including two Subcommittee hearings this week that further exposed how unjustified contract bundling, Administration policies devaluing small business subcontracting opportunities, and the improper use of reverse auctions are keeping small businesses from participating in the federal procurement process.
In the last four years, the number of small businesses participating in federal procurement has fallen by over100,000 companies and the number of contract actions being awarded to small businesses has fallen by nearly 60 percent. This reduced competition ultimately increases the cost of goods and services for the federal government and diminishes the vibrancy of the industrial base, which threatens national security.
“Having a healthy small business industrial base means that taxpayers benefit from increased competition, innovation, and job creation,” said Chairman Chabot. “It also means that we can support programs crucial to our national defense. Small business contracting policies are intended to make sure we have a broad spectrum of small firms working with the government across industries, and when those policies are undermined, it is imperative that we find appropriate solutions. These commonsense reforms move us in the right direction.”
H.R. 1481 would make a series of improvements to small business contracting policies to promote increased competition, a healthier industrial base, and more cost-effective federal procurement process. The bill incorporates a number of legislative proposals introduced by Small Business Committee Members, including:
In fiscal year 2013, small businesses won nearly $100 billion in federal prime contracts and nearly $90 billion in federal subcontracts. This is roughly half of the dollars spent by the federal government in contracts, so increasing competition and reducing inefficiencies in the procurement process through small business contracting reform is critical to saving taxpayer money.
The Committee has received testimony supporting provisions of the bill from Associated General Contractors, American Council of Engineering Companies, Mechanical Contractors Association, Women Impacting Public Policy, Veterans Entrepreneurship Task Force, the American Legion and the Professional Services Council. The bill has also been endorsed by the National Defense Industrial Association.
On, March 19, 2015 at 10:00 a.m., the Small Business Subcommittee on Contracting and Workforce held a hearing titled, Contracting and the Industrial Base Part III: Reverse Auctions, Verification and the SBA's Role in Rulemaking.
The hearing examined issues related to reverse auctions, The Small Business Administration's (SBA) and Department of Veterans Affairs (VA) contracting programs for service-disabled veteran owned small business and the enforcement and implementation of its statutory functions.
Richard Hanna (R-NY)
Small Business Subcommittee Continues Examination of Contracting Issues
WASHINGTON - Today, the Small Business Subcommittee on Contracting and Workforce, led by Subcommittee Chairman Richard Hanna (R-NY), examined small business contracting policies, with a particular focus on the improper use of reverse auctions, inconsistencies with service-disabled veteran owned small business programs, and the SBA’s delayed implementation of Congressional reforms.
“This hearing provided a valuable opportunity to discuss issues important to small businesses and veterans – two key drivers of our nation’s success,” Subcommittee Chairman Hanna said. “When contracting programs are overly burdensome, rules are inconsistent, and the implementation of Congressional reforms are seriously delayed, it creates confusion. Uncertainty holds small businesses back from growing and creating jobs. I look forward to working with Chairman Chabot and my colleagues to improve the federal contracting process for small businesses and our veterans.”
Witnesses raised serious concerns about the SBA’s 5-year delay of implementation of small business contracting reforms. Amy Peebles, a Marine Corps Veteran running a service-disabled veteran owned small business described her frustration with the matter: “…the delay in implementation of important small business contracting provisions is an ongoing frustration of women business owners… [This delay] is simply unfair to the businesses burdened by outdated, ineffective, or damaging policies Congress saw fit to change.”
In addition, witnesses spoke to issues they have with the Department of Veteran Affairs verification process for determining the status of a service-disabled veteran-owned small business. One witness, testifying on behalf of the American legion described it as “overly burdensome” and urged lawmakers and regulators to “[strike] the appropriate balance” between government oversight necessary to combat fraud and the amount of oversight necessary to protect the integrity of the program.
Testimony also shed light on the fact that the improper use of reverse auctions by agencies is having a detrimental impact on the purposes of using this type of bidding process, which are namely to spur competition and save tax dollars.
“The American Legion appreciates the goal of the government contracting community to lower federal expenditure through competitive contracting initiatives, but we are concerned that misuse of non-governmental platforms that have not suffered the scrutiny of the appropriations process, are putting veteran owned small businesses at risk and could also be serving to undermine the entire procurement process.”
-Mr. Davy Leghorn, Assistant Director, National Veterans Employment and Education Division, The American Legion
“In my opinion, any competition for a government contract, whether run electronically or “the old fashioned way,” that gets only one bid should be considered a failure. If the government is paying a fee to use an electronic reverse auction and only one bid is received, the government is paying a fee for that failed procurement.”
-Mr. Daniel I. Gordon, Senior Advisor, Government Procurement Law Program, The George Washington University Law School
“WIPP has two recommendations with regards to the timeline of SBA rule promulgation and FAR adoption. In our view, there is no reason these cannot be done concurrently. Any diversions between the proposed rules could be best addressed through increased cooperation between SBA and the FAR Council. One solution could be adding SBA to the FAR Council. WIPP supports this option because it would also give small businesses an advocate on the Council charged with maintaining acquisition procedures.”
–Ms. Amber Peebles, President, Athena Construction Group, Inc.
The purpose of the hearing is to examine the effects of regulations on small manufacturers.
Chairman Steve Chabot (R-OH)
"Never-Ending Wave," "Tragic," "Disadvantage:" Small Manufacturers Describe Regulatory Burden in Small Business Committee Hearing
WASHINGTON—In today’s Small Business Committee hearing, “Tangled in Red Tape: New Challenges for Small Manufacturers,” real American small business employees told Committee members how excessive federal regulations burden small manufacturers.
Chairman Steve Chabot (R-OH) started the hearing by showing attendees the stack of federal regulations from February 2015. “These are regulations that came out of the federal government in the last month alone,” Chabot explained. “How can we expect our small businesses to focus on creating jobs and bringing new ideas to life when, odds are, something in these pages will have an impact on them? And even worse, they likely had no input at all in what those regulations say.”
“We are not a large corporation with a plethora of resources to redirect towards the review, testing and compliance of new rules,” said Viktor Anderson of Structural Concepts in Muskegon, Michigan, a maker of commercial refrigerators. “With its never-ending wave of new rules and ever-more-stringent standards, the Administration is threatening our ability to do business and provide critical products to American consumers.”
Janis Herschkowitz of PRL, Inc. in Cornwall, Pennsylvania, whose foundry makes parts for nuclear submarines, had a similar message. “The fact is there are very few foundries remaining in the U.S. who are able to meet the high specifications standards required by our nation’s military.” Herschkowitz went on to tell the Committee that “the bulk of the regulations would hit our small foundry the hardest, and to put it bluntly as a small business owner we would need to determine if it is even worth the cost of compliance. This is tragic.”
Cynthia Reichard of Arylessence, a fragrance manufacturer in Marietta, Georgia, told the Committee about the ways regulations are impacting her company’s growth plans, adding, “U.S. manufacturers simply need an environment conducive to growing and creating jobs. We need economic stability, certainty, predictability and common-sense regulations that don’t unfairly disadvantage small firms.”
Chairman Chabot expressed his appreciation to the witnesses for taking valuable time away from their workplaces to share their stories with the Committee. “You’re not the bad guys,” Chairman Chabot told the witnesses. “If we want to remain a global economic leader, we have to modernize. We have to make the small businesses that provide livelihoods for about half of all American families a part of the solution, not the biggest loser in an economy that desperately needs them to succeed,” Chabot said.
One solution discussed in the hearing was the Small Business Regulatory Flexibility Improvements Act, which passed the House earlier this year. Learn more about the Small Business Regulatory Flexibility Improvements Act here.
Full testimony and footage from the hearing can be viewed here.
The hearing examined contracting issues in the industrial base as it relates to bundling, consolidation and strategic sourcing, the Small Business Administration's (SBA) goaling processes and the jurisdiction and operation of the SBA's office of Hearings and Appeals.
The hearing examined the health and vibrancy of the American economy, particularly as it pertains to the creation, sustainability, and future growth of small businesses.
Witnesses and Testimony:
On Wednesday, February 25, 2015, at 2:00 P.M., the Committee on Small Business held a hearing titled, The SBA Budget for FY 2016: Does it Meet the Needs of America's Small Businesses?
The purpose of the hearing was to examine the the Small Business Administration's FY 2016 budget request to determine whether it will meet the needs of America's small businesses.
The Committee on Small Business held a hearing on February 12, 2015, titled, Contracting and the Industrial Base. .
The purpose of the hearing was to examine barriers in utilizing small businesses to support the industrial base.
2361 Rayburn HOB
Washington, DC 20515