Small Business Tax Cut Bill Passes In House
Thursday, April 19, 2012
A bill to cut small business taxes by 20% passed in the
House of Representatives today by a vote of 235 to 173. H.R. 9, introduced by House Majority Leader
Eric Cantor (R-VA), reduces the taxable income of business with less than 500
employees. However, the White House has
threatened to veto the bill if it makes it to the President’s desk.
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