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WIPP's legislative strategy is to have the greatest possible impact for small business owners. We focus on our economic principles and craft a succinct small business message that we bring directly to members of Congress, the White House and Federal Agencies. Your guidance and advocacy efforts together with political reality allows us to move our agenda forward effectively.
Small firms with fewer than 20 employees annually spend 45% more per employee than larger firms to comply with federal regulations and 67% more per employee on tax compliance than their larger counterparts.
1) Tax Policies Should Be Used to Spur Job Growth
2) Repeal Burdensome Tax Reporting Requirements for Small Business
Click here to read more on the WIPP Economic Blueprint Economic Principles.
The following is a list of legislation that WIPP is actively following:
Contains Information on Clean Energy Tax Credits
H.R.4849 - The Small Business and Infrastructure Jobs Tax Act of 2010 - Passed by the House on 3/24/10.
H.R.4154 - The Permanent Estate Tax Relief for Families, Farmers, and Small Businesses Act of 2009 - Passed by the House on 12/3/09.
S.2822 - The Small Business Expensing Permanency Act - Referred to the Senate Finance Committee on 12/1/09.
The following is a list of regulatory actions taken by the IRS and Treasury:
TAX NEWS & POLICY UPDATES
Complete List of Expiring Tax Cuts (Bush Tax Cuts) Prepared by the Joint Committee on Taxation - 8/24/10.
WIPP Welcomes New Members of Congress - 11/2/10.
WIPP Coalition Letter Expressing Support for Repeal of the 1099 Tax Reporting Requirement (S.3578, the Small Business Paperwork Mandate Elimination Act) - 7/19/10.
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Click here to see an interactive graph created by the Washington Post, showing Democrat and Republican plans for tax cuts set to expire in 2010.
IRS Announces New Return and Preparar Application System and User Fee; IRS Also Releases Proposed Regulations to Amend Circular 230 Rules
H.R.5297 - The Small Business Jobs Act of 2010 - Passed by the House on 6/17/10, passed by the Senate on 9/16/10 (contains tax relief provisions for small business).
WIPP Letter to Senators Expressing Disappointment Over Failure to Repeal 1099 Requirement - 9/15/10.
WIPP Coalition Letter Supporting Permanent Increase in Direct Expensing Allowance Amounts for Businesses - 5/3/10.
H.R.4213 - The Jobs and Closing Tax Loopholes Act of 2010 - Passed by the House on 12/9/09 and Passed by the Senate on 3/10/10.
House Passes the Permanent Estate Tax Relief for Families, Farmers and Small Businesses Act (H.R. 4154) - 12/4/09
WIPP Board Member Nikki Stewart Participates in Senate Small Business Roundtable on Critical Tax Issues - 12/3/09
Small Business Financing Forum Report by Secretary Geithner and SBA Administrator Mills - 12/3/09
H.R.4174 - The Tax Relief for Business Growth and Sustainability Act of 2009 - Referred to the House Ways and Means Committee on 12/2/09.
WIPP Signs Onto Group Letter to Representatives Schrader, Nunes, Kind and Buchananin support of H.R. 3615 - 10/5/09
IRS's Top Seven Tax Tips for Taxpayers Who Have Started or Are Thinking of Starting a New Business - 7/27/09
IRS Announces Withholding Adjustment Option for Pension Plans and Provides Taxpayer Education - 5/18/09
House Committee on Small Business, Subcommittee on Finance and Tax, "How the Complexity of the Tax Code Hinders Small Businesses" - 5/7/09
Real Tax Cuts Making a Real Difference - 4/15/09
WIPP Supports Standard Home Deduction - 3/23/09