Committee on Small Business

Sam Graves

Committee Challenges EPA’s Failure to Assess Regulatory Impact on Small Business

2014/07/30

The House Small Business Committee, under the chairmanship of Rep. Sam Graves (R-MO), today conducted an oversight hearing to determine whether the Environmental Protection Agency is assessing the impacts of its rules on small businesses as required by law.

The Committee examined the EPA’s failure to assess the economic impacts of both the recently issued “waters of the United States” proposed rule and the proposed rules to reduce greenhouse gas (GHG) emissions from power plants on small businesses. Under the Regulatory Flexibility Act (RFA), the EPA must thoroughly assess how these rules would impact small businesses and consider ways to reduce the rules’ negative consequences. It must also conduct outreach to small businesses before the rules are proposed to get direct input from small businesses. EPA Deputy Administrator Bob Perciasepe testified.
 
“The EPA’s power grab goes beyond the agency’s mission and infringes on the rights of individuals and small business owners, and it will potentially have costly economic consequences,” said Chairman Graves. “The EPA must withdraw the costly ‘waters’ rule, and reevaluate these decisions entirely. Congress passed the RFA precisely to protect small businesses from this kind of regulatory overreach. The EPA fell far short of its obligations, and must do more to ensure small businesses do not bear the brunt of a regulatory burden that was not properly assessed. The Committee has alerted small businesses and raised serious objections to these rules, and I urge the EPA to fulfill its responsibilities to small businesses. Assessing the impacts of regulations on small businesses is not a choice, it’s an obligation and the EPA must comply with the law.”

Materials from the hearing are available on the Committee’s website HERE.

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ADVISORY: Committee To Hold Hearings With EPA Deputy Administrator And On The Use Of Telemedicine By Small Medical Practices

2014/07/25

Week Ahead for the Committee: July 28-August 1

Committee To Hold Hearings With EPA Deputy Administrator And On The Use Of Telemedicine By Small Medical Practices

WASHINGTON, DC – The House Small Business Committee, chaired by Rep. Sam Graves (R-MO), today announced the schedule for the week of July 28, 2014:
 
On Wednesday, July 30, at 1:00 p.m., the Committee will conduct a hearing titled "Regulatory Overreach: Is EPA Meeting Its Small Business Obligations?” The hearing will focus on the proposed rules to reduce greenhouse gas (GHG) emissions from power plants pursuant to the President’s Climate Action Plan and the recently issued “waters of the United States” proposed rule.
 
“Our Committee has been active in exposing the EPA’s regulatory overreach on some of their latest proposed rules,” said Chairman Graves. “Many of their proposals will have a detrimental impact on our economy and small business growth. However, the EPA does not assess the effects of its rules on small businesses as required by law. We look forward to hearing from EPA Deputy Administrator Bob Perciasepe about the EPA’s process for analyzing the consequences of its regulations as they affect small business.”

On Thursday, July 31, at 10:00 a.m., the Small Business Subcommittee on Health and Technology, under the chairmanship of Rep. Chris Collins (R-NY), will conduct a hearing titled “Telemedicine: A Prescription for Small Medical Practices?" The purpose of the hearing is to examine how small medical practices are using telemedicine to expand their reach and grow their business. Members will hear from experts and physicians about telemedicine challenges and how Washington may be contributing to some of those challenges.
 
“Technology is quickly changing the way many small companies do business, and this is definitely true for the health care industry and how small medical practices provide care,” said Chairman Collins. “Telemedicine can help overcome many physical, geographical and socioeconomic challenges. This hearing will examine whether or not Washington has caught up with this useful technology.”

Watch the hearing live HERE.

Event Details:
Wednesday, July 30, 1:00 p.m. EDT
2360 Rayburn House Office Building
Small Business Committee
Regulatory Overreach: Is EPA Meeting Its Small Business Obligations?

Thursday, July 31, 10:00 a.m. EDT
2360 Rayburn House Office Building
Small Business Subcommittee on Health and Technology
Telemedicine: A Prescription for Small Medical Practices? 

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Small Agriculture Businesses Advocate For New SBA Size Standard

2014/07/24

The Small Business Subcommittee on Agriculture, Energy and Trade, under the chairmanship of Rep. Scott Tipton (R-CO), today held a hearing to examine the small business size standard for agricultural businesses. The purpose of the hearing was to determine whether the current standard accurately reflects the structural and economic realities of modern small agriculture production operations and evaluate whether it should be changed to better fit today’s industry and increase participation in federal procurement, as well as improve regulatory analysis of how new rules affect small businesses.  

The Small Business Act authorizes the Small Business Administration (SBA) to establish small business size standards, which are normally either employee or revenue-based. Unlike the size standards established for all other industries by the SBA, the size standard for agriculture enterprises are statutorily established. In 1984, SBA lowered the size standard for small agricultural enterprises to $100,000 in annual receipts from $500,000. Congress believed this was too low, and would exclude the vast majority of family farms, so in 1985 the size standard was increased to $500,000. In 2000, Congress updated the size standard to $750,000 in annual receipts.
 
"Today’s hearing provided a necessary dialogue about whether the agriculture size standard is adequate for today’s economy,” said Chairman Tipton. “The wrong size standard may harm legitimately small agricultural producers by denying them access to SBA programs, such as the federal contracting programs and loan programs. Additionally, many federal agencies view these standards as the default small business size standard when considering their obligations under the Regulatory Flexibility Act, which requires agencies to analyze how their rules will affect small entities. In the coming months, this Committee will continue exploring solutions to the problems we heard today, including whether the current statutory standard needs be updated and the best process for doing so.”

Materials from the hearing are available on the Committee’s website HERE.

Notable Quotes:

Mark Oestman, Owner of Oestman Farms, LLC in Eckley, Colorado said, “I believe that the Small Business Administration should seriously consider substantially raising the arbitrary $750,000 [size standard] in receipts that currently exists for agriculture producers. The dynamics of today’s farms and farmers, especially those who farm as their sole source of income, have changed dramatically and I believe the limit should as well. Due to factors largely out of a farmer’s control, my total receipts and expenses can change dramatically from year to year, and I believe that SBA standards should take many of those factors into consideration and increase the standard."
 
Ken Keesaman, Owner of KK Farms Red Angus in Osborn, Missouri said, “The evolution of today’s livestock industry has shifted and in order for family businesses to survive we have expanded and diversified our operations. In terms of agriculture, today’s small business has changed and it is appropriate for the size standards applied by the Small Business Administration to more accurately represent today’s small operations. It is my understanding that agriculture is the only industry where the statute establishes our size standard. With that being the case, Congress must change the statue and consider alternatives to the current size standards so they more accurately reflect today’s small businesses.”

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Committee Examines Reforms to SBIR/STTR Programs

2014/07/23

The House Small Business Committee, under the chairmanship of Rep. Sam Graves (R-MO), today examined the progress of recent programmatic changes to both the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. Under Chairman Graves’ leadership, Congress reauthorized the programs three years ago along with requirements that the agencies implement various reforms that will help spur wider participation from small firms and more effective commercialization of products.

Today’s oversight hearing was the second of two hearings examining the agencies’ compliance with those changes. The first hearing focused on the private sector impressions of the programs. Today, the Committee focused on oversight of the public sector role, including the Department of Defense, the National Institutes of Health, and the Small Business Administration (SBA).

“Small businesses are great sources of innovation, so investments in research and development of the best ideas spurs economic growth and creates jobs,” said Chairman Graves. “The SBIR and STTR programs are effective tools to help bring promising ideas to the marketplace. The most recent reauthorization of these programs included some important steps to increase commercialization and generate wider participation by small businesses.  Today’s testimony helped us learn more about the agencies’ progress, and in some cases, the need for us to continue to monitor these efforts.”

Materials from the hearing are available on the Committee’s website HERE.

Notable Quotes:

Javier Saade, Associate Administrator, Office of Investment and Innovation, United States Small Business Administration, Washington DC, said, “These programs make up the largest seed investing pool on the globe. While we are still the undisputed world leader in innovation, we are not alone and many countries are making serious commitments to their own innovation efforts… We need to continue to invest in our future as others catch up so that we may be able to maintain our leadership for the 21st Century.”

Andre Gudger, Director, Office of Small Business Programs, Office of the Under Secretary of Defense, Department of Defense, Washington, DC, said, “The programs are tools for the Department of Defense (DoD) to seed innovation in our industrial base, and, in so doing, develop leading-edge technologies with the potential to meet warfighter needs, today and in the future. Now, more than ever, we need to leverage the responsiveness, efficiency, capability, and technological innovation our nation’s small businesses provide.”

Dr. Matthew Portnoy, Program Manager, NIH SBIR/STTR, National Institutes of Health, Bethesda, MD, said, “Among the 11 Federal departments and agencies that participate in these programs, the NIH is one of the largest funders of this program, and the largest Federal supporter of biomedical research. The SBIR/STTR programs continue to be critical to feeding the innovation pipeline that promises to deliver the medical advances of tomorrow and have complemented NIH's mission to advance science while bringing new health care solutions to the public.”

Marie Mak, Acting Director, Acquisition & Sourcing Management Team, General Accountability Office, Washington, DC, said, “While we recognize there are challenges to improving transition data, we continue to believe it is important for DOD to develop and implement a plan for obtaining more comprehensible and reliable measures of transition. Without better information on technology transition, questions will remain as to whether the DOD SBIR program is providing the right technologies at the right time to users, using effective approaches to select, develop, and transition technologies, and providing tangible benefits.”

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Committee Examines Onerous Licensing Barriers for Entrepreneurs

2014/07/16

The House Small Business Committee, under the chairmanship of Rep. Sam Graves (R-MO), today examined the barriers that certain state licensing requirements impose on entrepreneurs and individuals seeking economic opportunity, and how the Federal Trade Commission (FTC) can utilize advocacy and enforcement of federal anti-trust laws to prohibit anticompetitive regulations.

On March 26, 2014, the Subcommittee on Contracting and the Workforce held a hearing with testimony from entrepreneurs who encountered licensing obstacles to starting small businesses, even when those licenses did not directly apply to their business ideas or protect public health and safety. Today’s second hearing expanded the Committee’s examination of these challenges by looking at the FTC’s role in combating onerous licensure through the enforcement of federal anti-trust laws that promote competition. Andrew Gavil, Director of the Office of Policy Planning, Federal Trade Commission, testified.

“Sixty years ago, only 5 percent of occupations required state licenses. Since then, the number of occupations subject to these requirements has soared to nearly 30 percent, and in many cases, these rules impose a significant regulatory burden on small businesses and entrepreneurs,” said Chairman Graves. “Licensing regulations create barriers to work that disproportionately affect lower and middle-class Americans. As state licensing boards are typically comprised of people from that profession, their decisions about who can enter their profession can reduce competition. It is important that these regulations are narrowly tailored to provide a public benefit without unfairly limiting opportunities. As the Committee continues examining ways to reduce barriers to entrepreneurship, the FTC’s testimony today was insightful regarding the agency’s role in protecting a free market.”

Materials from the hearing are available on the Committee’s website HERE.

Notable Quote:

Andrew Gavil, Director, Office of Policy Planning, Federal Trade Commission, Washington, DC, said, “[Licenses] can protect consumers from actual health and safety risks and support other valuable public policy goals. However, that does not mean that all licensure is warranted and, most importantly in our experience, it does not mean that the benefits of all of the specific restrictions imposed on occupations are sufficient to justify the harm they can do to competition and mobility in the workforce. We have seen many examples of licensure restrictions that likely impede competition and hamper entry into professional and services markets, yet offer few, if any, significant consumer benefits. In these situations, regulations may lead to higher prices, lower quality services and products, and less convenience for consumers.”

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EPA's Backyard Blitz Imperiled

2014/07/15

EPA's Backyard Blitz Imperiled
By Chairman Sam Graves

President Ronald Reagan once said our “government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” Twenty-eight years later, anyone who cashes a paycheck, files their taxes, picks up the local newspaper or turns on the TV knows these words ring true just as they did in 1986.

Back home in Missouri, I frequently speak with people who are worried about our out-of-control federal government. It does not take much effort to see what is happening in Washington. Government bureaucrats at the IRS, the Food and Drug Administration and Department of Energy are becoming increasingly aggressive, and the biggest bully of the bunch, by far, is the Environmental Protection Agency.

During this administration, the EPA has overreached time and time again, seeking to accomplish by regulation what normally becomes law through legislation.

Several years ago, the EPA tried to regulate farm dust, which would impact family farms and agriculture producers. Then it went after wood burning stoves used for inexpensive home heating. Now, the president and the EPA are trying to force some of the most crushing regulations on coal power plants in history. What will this mean for my constituents, small businesses and Americans around the country? Higher electric bills.

But few regulations are more damaging and intrusive than the EPA’s proposed rule to give bureaucrats in Washington a stronger foothold in our backyards. The recent EPA and Army Corps of Engineers “Waters of the U.S.” proposed rule would give the government control over thousands of small streams, ditches and ponds on private property, some of which may contain little or no water. In bypassing Congress and without the consent of the governed, the EPA’s egregious agenda is poised to smother economic activity and job growth.

After a lengthy period of intense public outcry and bipartisan objections from lawmakers, including from the Small Business Committee, which I chair, the EPA and the Army Corps of Engineers delayed the rule. This is good, right? After all, a longer period to review this proposal allows Americans more time to voice their concerns to the EPA. However, the agencies haven’t been forthcoming about the rule’s actual consequences for small businesses, which makes it more deceiving and difficult to comprehend.

What we already know is that the EPA’s new federal regulatory scheme employs arbitrary, ambiguous, and confusing terms to vastly expand the size and scope of its authority. Yet, the agencies have failed to assess the impacts of the proposed rule on small businesses as the Regulatory Flexibility Act requires. As a result, the proposed rule is actually creating more confusion for businesses. And, slow-walking its proposed rule will do little to dispel the many fears held by property owners and small businesses around the country. It would be wiser to simply withdraw the rule altogether.

The EPA’s overreach is nothing new. With so much at stake, Congress needs to have more say when the EPA comes out with rules that will significantly impact our economy, and we should be given an up-or-down vote. The EPA should be required to take a second look at regulations already on the books, and further regulation should not take place until this happens.

The president has made clear that his administration will go to any length to enact his environmental agenda. His model of big government is spiraling out of control. Higher costs, more confusion and economic stagnation are all on the way unless the EPA is stopped. Our government is putting the squeeze on middle class Americans and small businesses, and the water rule needs to go. It’s time to close the flood gates on this administration.

Rep. Sam Graves is a Republican from Missouri and chairman of the House Small Business Committee.

Read the article online HERE.

 

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Small Contractors Slam The SBA For Inactivity On Reform Implementation

2014/07/15

The Small Business Subcommittee on Contracting and Workforce, under the chairmanship of Rep. Richard Hanna (R-NY), today held a hearing to examine the slow implementation of the numerous small business procurement reforms included in the National Defense Authorization Act (NDAA) for Fiscal Year 2013. The law was signed by the President on January 3, 2013, yet the regulatory promulgation process has not begun yet.
 
The reforms make various changes to procurement law that help small businesses compete for federal contracts, including making small business goals part of senior agency employee reviews and bonus discussions, preventing contracting fraud by penalizing companies that front for large businesses, and changing limitations on subcontracting to make it easier for small companies to team on larger contracts, just to name a few. Given that most procurement regulations affecting small businesses must undergo a two-step regulatory process by the Small Business Administration (SBA) and the Federal Acquisition Council, these delays make it unlikely that the reforms will be fully implemented before the next President takes office in 2017.

"The slow implementation of these critical small business contracting reforms is extremely disappointing, not only to legislators but also to the small businesses that could benefit from better public policy,” Chairman Hanna said. “Taxpayers want the Administration to actually implement laws which will help grow the economy. Unfortunately, the delay we are witnessing is the real-world consequence of an overly bureaucratic federal government. The priorities of our federal agencies are misplaced and need to change so that the sound policies approved by Congress and signed into law become a reality for American small businesses desperate to grow and create jobs.”

Materials from the hearing are available on the Committee’s website HERE.

Notable Quotes:
Charlotte Baker, President of Digital Hands in Tampa, FL said, “The delayed implementation of this “similarly situated entity” [Section 1651 of P.L. 112-239- subcontracting transparency] provision has negatively impacted the [women-owned small business] community. Digital Hands’ recent experience is a clear example of why this is so important.

“My recommendation is simple: urge the SBA to implement this provision as quickly as possible to bring these necessary changes that impact businesses who are the economic engine in the United States. Thanks to this Committee’s leadership, Congress passed the change; now, the SBA needs to implement it. The longer the delay, the more that all small businesses will continue to miss out on opportunities
.”

Larry Allen, President of Allen Federal Business Partners in McLean, VA said, “I am here today to discuss Sections 1681, 1682, and 1683 of the FY’13 NDAA. Collectively, these laws will limit the liability of companies receiving advice from federally-supported entities on government contracting matters, provide greater clarity about small business suspension and debarment procedures, and provide this body with additional reporting on that process to ensure the fair treatment of small business government contractors.

“Our firm recommends that Congress continue to provide oversight on the SBA’s lack of progress in implementing these three key elements of the 2013 NDAA and take steps to hold senior agency officials accountable for this inaction. Small firms are not getting the benefit of the protections originally envisioned. Businesses that are not truly small are still competing with legitimate businesses for small business work
.”

Angela Styles, Partner at Crowell & Moring, LLP. in Washington, DC, said, “SBA’s failure to act has created significant ambiguity for federal contractors—both small and large.  While this uncertainty keeps the lawyers busy, it costs government contractors—and ultimately results in higher prices for the federal government and taxpayers.”

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Week Ahead for the Committee: July 14-18

2014/07/11

Committee to Hold Hearings on the Implementation of Contracting Reforms and Impact of Occupational Licensing on Entrepreneurship

The House Small Business Committee, chaired by Rep. Sam Graves (R-MO), today announced the schedule for the week of July 14, 2014:
 
On Tuesday, July 15, at 1:00 p.m., the Small Business Subcommittee on Contracting and Workforce, under the chairmanship of Rep. Richard Hanna (R-NY), will hold a hearing titled, “Action Delayed, Small Business Opportunities Denied: Implementation of Contracting Reforms in the FY 2013 NDAA.” The purpose of this hearing will be to address the sluggish implementation of the numerous small business procurement reforms included in the National Defense Authorization Act (NDAA) for Fiscal Year 2013. Given that most procurement regulations affecting small businesses must undergo a two-step regulatory process; first being promulgated by the Small Business Administration (SBA), and then promulgated by the Federal Acquisition Council, these delays make it unlikely that the reforms will be fully implemented before the next President takes office in 2017.
 
"Over 18 months ago, the President signed into law small business contracting reform within the FY2013 NDAA, but little progress has been made on the implementation of these reforms,” Chairman Hanna said. “This is a classic example of a bloated bureaucratic federal government that is wasting taxpayer dollars and dragging its feet on the promulgation of important laws. Rather than creating new, untested entrepreneurial development programs, the SBA should focus on completing its core responsibilities efficiently.”
 
On Wednesday, July 16, at 1:00 p.m., the Committee will conduct a hearing titled "Barriers to Entrepreneurship: Examining the Anti-Trust Implications of Occupational Licensing." This hearing will examine whether economic opportunity is being denied by onerous state licensure requirements to engage in certain occupations. Specifically, this hearing will focus on the role that the Federal Trade Commission (FTC) plays in combating the rise in occupational licensure through the enforcement of federal anti-trust laws.
 
“While the intent of occupational licensing may be to provide benefits to the public, there also are potential costs associated with erecting broad regulatory barriers to pursuing work and realizing the American dream. These hurdles are disproportionately high for lower and middle class Americans,” said Chairman Graves. “This hearing will take a good look at whether the state licensing boards, which are typically made up of individuals already working in the profession, are creating broad requirements that unfairly restrict competition and examine the role the FTC plays in promoting competition and ensuring compliance with anti-trust laws.”

Watch the hearing live HERE.

Event Details:
Tuesday, July 15, 1:00 p.m. EDT
2360 Rayburn House Office Building
Small Business Subcommittee on Contracting and Workforce
Action Delayed, Small Business Opportunities Denied: Implementation of Contracting Reforms in the FY 2013 NDAA
 
Wednesday, July 16, 1:00 p.m. EDT
2360 Rayburn House Office Building
Small Business Committee
Barriers to Entrepreneurship: Examining the Anti-Trust Implications of Occupational Licensing       

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Chairmen Urge Labor Secretary Perez To Reverse Davis-Bacon Decision

2014/07/11

House Small Business Committee Chairman Sam Graves (R-MO) today joined House Education and the Workforce Chairman John Kline (R-MN) and Subcommittee on Workforce Protections Chairman Tim Walberg (R-MI) to urge Labor Secretary Thomas Perez to reverse the Department’s decision to unilaterally extend the Davis-Bacon Act requirements to survey technicians due to inadequate analysis and outreach to industry stakeholders.

Graves, Kline and Walberg wrote in a letter to Perez, “When the department’s Wage and Hour Division (WHD) issued AAM No. 212 along with a guidance letter on March 22, 2013, survey technicians were included under Davis-Bacon for the first time in the act’s history.   For over 50 years, both Republican and Democrat administrations have consistently excluded survey technicians from Davis-Bacon requirements. However, after receiving unsolicited input from the International Union of Operating Engineers (IUOE), the department proceeded to make this unprecedented policy change based solely on the information from the IUOE without consulting any other stakeholders.  To make matters worse, the department made this change through an agency memorandum, rather than the public rulemaking process.  The department’s action in this case has resulted in confusion as to what work is covered by the memorandum and when the change in policy officially began.” 

 

In 2013, Graves, Kline and Walberg wrote a letter requesting documents and communications concerning its decision to overturn decades of policy and apply Davis-Bacon wage requirements to survey technicians. The Department’s response was significantly delayed and failed to provide all the documents and communications that been requested. However, the documentation provided show that only the IUOE was consulted during the nearly two years the Department considered the change.

As Graves, Kline and Walberg continued in today’s letter, “Based on the most recent documents provided to the committee, it is clear the department worked exclusively with the IUOE to make this significant policy change.  The entire process appears to have started on May 4, 2011, when an assistant for William Waggoner, Business Manager, IUOE Local 12, contacted the department stating that Mr. Waggoner had discussed this issue with then-Secretary Solis at a luncheon and would like to meet in Washington, D.C. to discuss the matter.”

 

To read the full letter, click HERE.

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Small Business Owners Encourage Congress To Expand Use of Cash Accounting

2014/07/10

The Small Business Subcommittee on Economic Growth, Tax and Capital Access, under the chairmanship of Rep. Tom Rice (R-SC), today conducted a hearing on the issue of cash accounting, how it affects small businesses, and whether policies should be changed to allow small firms more flexibility in using an accounting method that best suits their operations. Before being elected to Congress, Rep. Rice worked as a tax attorney.
 
According to a survey by the National Federation of Independent Businesses, 41 percent of small businesses use cash accounting, making it the preferred method of accounting for small businesses. Nevertheless, the Internal Revenue Code (IRS) requires that many small businesses in the United States use the more complicated accrual method of accounting for tracking cash receipts and disbursements.

“Today’s witnesses overwhelmingly believe that Washington should expand the use of cash accounting because the majority of small businesses prefer it for their business operations,” said Chairman Rice. “The IRS prohibiting some small businesses from using cash accounting is a perfect example of a government barrier to private sector growth. As a tax attorney, I’ve dealt with small companies who spend too much time dealing with tax compliance requirements that are time-consuming and unnecessary. We should be doing everything possible to make it easier for small businesses to grow and create jobs. In addition, any tax reform proposal that Congress considers should protect and expand the use of cash accounting.”

Materials from the hearing are available on the Committee’s website HERE.

Notable Quotes:
Sarah Windham, Senior Tax Manager of Dixon Hughes Goodman, LLP in Charleston, SC said, “Since their income can fluctuate widely from year to year, accrual accounting, coupled with our progressive tax system, would likely cause farmers to pay more taxes over time than a company in a different industry with stable income over the same time period. Cash accounting allows them to accelerate expenses or defer income giving farms the option to even out their taxable income comparable with long‐term earnings of other industries.”
 
Terry Durkin, Owner of Durkin Associates in Burlington, MA said, “As Congress begins reforming the tax code, I urge you to keep in mind how essential cash basis accounting is to startup businesses, especially micro businesses. I believe Congress can do more to help them. Both Chairman Camp and former Senator Baucus’s proposals are good first steps, but I strongly recommend that Congress go even further.”

Donald Williamson, Executive Director of the Kogod Tax Center at American University in Washington, DC said, “My testimony will describe and highlight the burden placed upon small businesses when the Internal Revenue Code requires them to be on the accrual method of accounting. However, even where the law permits a small business to use the simpler cash method of accounting, the general requirement to maintain inventory records creates burdens that may only influence by only a few months the timing of a small business’s taxable income. Therefore, we urge Congress to not only expand the number of businesses eligible to use the case method of accounting but to also enact a “simplified” cash method of accounting for small business that would further reduce unnecessary record keeping and compliance burdens. We believe such simplification will neither adversely affect the accuracy of tax returns nor impact the ability of the IRS to collect tax.”

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Contact Information

2361 Rayburn HOB
Washington, DC 20515
Phone 202-225-5821
Fax 202-225-3587
smbiz.house.gov


Membership

Kerry Bentivolio

MICHIGAN's 11th DISTRICT

Steve Chabot

OHIO's 1st DISTRICT

Mike Coffman

COLORADO's 6th DISTRICT

Chris Collins

NEW YORK's 27th DISTRICT

Sam Graves

MISSOURI's 6th DISTRICT

Richard Hanna

NEW YORK's 22nd DISTRICT

Jaime Herrera Beutler

WASHINGTON's 3rd DISTRICT

Tim Huelskamp

KANSAS' 1st DISTRICT

Steve King

IOWA's 4th DISTRICT

Blaine Luetkemeyer

MISSOURI's 3rd DISTRICT

Mick Mulvaney

SOUTH CAROLINA's 5th DISTRICT

Tom Rice

SOUTH CAROLINA's 7th DISTRICT

David Schweikert

ARIZONA's 6th DISTRICT

Scott Tipton

COLORADO's 3rd DISTRICT