Politico Headline: Gridlock: “Senate Rejects Two Small-Business Bills.” “Senators rejected dueling Democratic and Republican small-business tax cut plans on Thursday, the latest futile effort to break the election-year gridlock that’s consumed Capitol Hill on issues dealing with jobs and the economy. On a 53-44 vote, Republicans shot down the Democratic bill that would have provided a 10 percent income tax credits to small businesses that hire new workers or give current workers raises, as well as allow companies to quickly write off purchases on new equipment. Sixty votes were needed.” [Politico, 7/12/12] XXXX Voted Against Allowing Small Businesses To Write Off Losses More Quickly And A $30 Billion Small Business Lending Fund. In September 2010, XXXX voted against passage of the bill that would provide for a variety of small-business tax provisions, including a revival of an expired bonus depreciation provision to allow companies to write off assets more quickly. It also would establish a $30 billion small-business lending fund administered by the Treasury Department, with funds directed to community banks. It would be offset with increased penalties for failing to file information returns, new limits on paper-makers' ability to claim a biofuel tax credit and new rules on tax-delinquent federal contractors. The bill would amend a provision in the 2010 health care law to require rental property owners to file 1099 tax forms for payments of certain expenses associated with their rental real estate. It also would eliminate a requirement in current law that employees pay taxes on the value of certain transmissions they send on employer-provided cell phones. [CQ; Vote 237, 9/16/10] XXXX Voted Against Allowing Small Businesses To Write Off Losses More Quickly And A $30 Billion Small Business Lending Fund. In September 2010, XXXX voted against a motion to invoke cloture (thus limiting debate) on the bill that would provide for a variety of small-business tax provisions, including a revival of an expired bonus depreciation provision to allow companies to write off assets more quickly. It also would establish a $30 billion small-business lending fund administered by the Treasury Department, with funds directed to community banks. It would be offset with increased penalties for failing to file information returns, new limits on paper-makers' ability to claim a biofuel tax credit and new rules on tax-delinquent federal contractors. [CQ; Vote 236, 9/16/10] XXXX Voted Against Allowing Small Businesses To Write Off Losses More Quickly And A $30 Billion Small Business Lending Fund. In September 2010, XXXX voted against a motion to invoke cloture (thus limiting debate) on the Baucus, D-Mont., and Landrieu, D-La., substitute amendment no. 4594 that would provide for a variety of small-business tax provisions, including a revival of an expired bonus depreciation provision to allow companies to write off assets more quickly. It also would establish a $30 billion small-business lending fund administered by the Treasury Department, with funds directed to community banks. It would be offset with increased penalties for failing to file information returns, new limits on paper-makers' ability to claim a biofuel tax credit and new rules on tax-delinquent federal contractors. [CQ; Vote 233, 9/14/10] XXXX Voted Against Exempting Businesses of Less Than 25 Employees From Tax Compliance In Health Care Reform Bill And Small Business Tax and Lending Provisions. In September 2010, XXXX voted against a Motion to invoke cloture (thus limiting debate) on the Nelson, D-Fla., amendment no. 4595 to the Baucus, D- Mont., and Landrieu, D-La., substitute amendment no. 4594. The Nelson amendment would exempt businesses with fewer than 25 employees from the tax compliance provision in the 2010 health care overhaul law and would raise the reporting threshold for the remaining companies from $600 to $5,000. It also would exempt credit card purchases and give the Treasury Department more flexibility in implementing the reporting requirements. It would be offset by eliminating a 6-percent tax deduction for certain oil companies. The substitute would provide for a variety of small-business tax provisions, including a revival of an expired bonus depreciation provision to allow companies to write off assets more quickly, and authorize a small-business lending fund. [CQ; Vote 232, 9/14/10] XXXX Voted Against Small-Business Tax Initiatives And Lending Bill. In July 2010, XXXX voted against a motion to invoke cloture (thus limiting debate) on Reid, D-Nev., substitute amendment no. 4519 that would provide small-business tax initiatives and authorize a $30 billion small-business lending fund. [Vote 221, 7/29/10] XXXX Voted Against Small Business Lending Fund. In July 2010, XXXX voted against a motion to invoke cloture (thus limiting debate) on the LeMieux, R-Fla., amendment no. 4500 to the Baucus, D-Mont., substitute 272
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