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  • Constructive Small Business Expensing Bill Introduced

    Representatives Pat Tiberi (R–OH) and Ron Kind (D–WI), both Ways and Means Committee members, have introduced the America’s Small Business Tax Relief Act of 2014 (H.R. 4457). This legislation would make permanent section 179 expensing and allow businesses to deduct up to $500,000 annually in expenses incurred buying machinery, equipment, … More

    Regulation A+ Proposed Rule Needs Work

    The Securities and Exchange Commission (SEC) is to be commended for recognizing the debilitating problems with the existing Regulation A, but unless the proposed rule is modified in substantial ways, it will be of only limited value to entrepreneurs seeking to raise capital. The SEC should: Reduce overregulation by state … More

    SEC Crowdfunding Rules Need Work

    “Going public” now costs a company about $2.5 million. This money is spent on lawyers, accountants, and other expenses to meet the registration requirements of the Securities Act. Moreover, it costs more than $1 million annually to remain public. Any company issuing stock is subject to these burdensome requirements unless … More

    Lack of Resources Is Not the Reason for SEC Tardiness

    During a recent House Financial Services Committee mark-up, a number of members complained that the Securities and Exchange Commission (SEC) was “slow walking” the regulations necessary to implement the very positive and bipartisan Jumpstart Our Business Startups (JOBS) Act enacted in 2012. The SEC opposed most provisions in the JOBS … More

    Baucus Heads Wrong Way on Important Part of Tax Reform — Again

    Chairman of the Senate Finance Committee Max Baucus (D–MT) continues to release draft proposals on important parts of tax reform. His latest draft proposal is a deeply troubling plan. Baucus proposes to change the way businesses deduct the cost of their capital expenses—things such as machinery, equipment, structures, property, and … More

    Regulation D Rule Would Harm Entrepreneurs and Economic Growth

    The Securities and Exchange Commission (SEC) has proposed a rule that would impede capital formation, job creation, innovation, productivity improvement, and economic growth by making Regulation D—the primary means by which new companies and young growing companies raise equity capital—markedly more complex and expensive. Economic research has increasingly demonstrated that … More

    Homeland Security Overtime Abuse Costs Taxpayers Millions

    U.S. special counsel Carolyn N. Lerner sent a letter to President Obama and Congress last week detailing overtime abuses at the Department of Homeland Security (DHS) that cost taxpayers potentially tens of millions of dollars annually. Six DHS offices alone are costing the taxpayers approximately $8.7 million annually. Under federal … More

    JOBS Act: Crowdfunding Moves Forward

    The Jumpstart Our Business Startups (JOBS) Act, passed in April 2012 with huge bipartisan majorities, was designed to substantially reduce the regulatory burden on entrepreneurs seeking to raise capital to start and grow their businesses. But now some in Washington are trying to reverse its momentum. Title III of the … More