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Here is your daily round-up of news and analysis to keep you informed as tax reform works its way through Congress.
What’s happening today
House tax bill markup continues in the Ways & Means Committee.
The Senate Finance Committee is expected to release their tax reform bill.
In the news
Small Business & Entrepreneurship Council: “Chairman Brady’s Amendment to ‘Tax Cuts and Jobs Act’ Will Boost Startup Growth and Success”
House Ways and Means Chairman Kevin Brady (R-TX) introduced an amendment to the Tax Cuts and Jobs Act, which includes an important measure to help startups attract and retain the skilled employees they need to successfully scale their businesses, raise capital, and compete in the marketplace. Small Business & Entrepreneurship Council (SBE Council) president & CEO Karen Kerrigan applauded Chairman Brady for his continuing efforts to strengthen the tax reform bill for entrepreneurs and small businesses.
“Chairman Brady continues to listen to entrepreneurs and the small business community about their ideas to improve the already strong tax reform package unveiled last week. The inclusion of this measure to ensure that employees of startup companies can effectively share in the success of the promising firms they work for will lead to more successful startups and higher levels of startup activity in the United States. Our economy will benefit greatly from the dynamism and innovation that more successful startups bring to the marketplace,” said Kerrigan.