House Holds Hearing Today on Small Businesses’ Perspectives on the Tax Cliff

The Subcommittee on Economic Growth, Tax and Capital Access of the House Small Business Committee holds a hearing today on Adding to Uncertainty: Small Businesses’ Perspectives on the Tax Cliff:

As many small businesses are organized as “pass-through” entities, where business owners pay their taxes at individual rates, the hearing will examine how the potential expiration of the 2001 and 2003 tax relief is influencing small businesses’ decision making. The hearing will also examine small businesses’ perspectives on the Obama Administration’s tax proposal to allow the top two marginal tax rates to increase for taxpayers with income in excess of $200,000 a year ($250,000 if filing jointly).

• Theresa Kern (Steel Erectors, Inc., Palos Heights, IL)
• Doug Harmon (CEO, Twin City Die Castings Co., Minneapolis, MN)
• Scott Hodge (President, Tax Foundation, Washington, D.C.)
• Jeffrey A. Porter (Vice Chair, American Institute of Certified Public Accountants)