Senate takes up ‘job killing’ IRS rule
By Catherine Clifford
September 14, 2010
Lawmakers return to Capitol Hill this week after the summer recess and small business tops their to-do list.
Their goal: Help small business, and boost the economy. The Senate will consider two proposals right off the bat.
The broader measure is the Small Business Jobs Act, which includes a $30 billion fund to spur lending and $12 billion worth of tax breaks. The Senate will also decide whether to repeal a law enacted as part of health care reform that will require small businesses to file millions of new tax forms — a provision a top Republican calls “job killing.”
Main Street needs the help: Credit remains hard to come by, and without it hiring is suffering. In fact, small business hiring has been on a downward slide for the past two and a half years.