Working for Small Business
As a former member of the Small Business Committee in the House of Representatives, I know that small businesses are the backbone of our country. That is why I am working hard in Congress to provide critical financial support to small businesses, by opening the federal contracting system and increasing access to capital to help create new opportunities, grow existing businesses, and boost our economy.
Help open the federal contracting system to small businesses - The $295 billion federal marketplace remains largely closed to small businesses. I want to level the playing field, making sure everyone has a fair shot at winning federal contracts.
Making taxes simple - During tax season, small businesses shouldn’t be overly burdened with the stress of filing their taxes. This is why I am a strong supporter and cosponsor of the Taking Care of Small Business Tax Simplification Act This bill extends the deadline for filing certain types of business taxes and allows more flexibility with payroll taxes. In addition, this bill would make it easier for married couples who operate certain joint ventures to file separate tax returns.
Increasing capital to small business owners - Small business owners need greater access to capital to expand or pursue business ventures. Ultimately, this will help bolster the economy and provide new jobs. That’s why I introduced legislation to increase the maximum amount under the MicroLoan program from $35,000 to $50,000 (H.R. 194).
Improving Access to Fair Loans - I know that fair loans are critical to expanding or starting a small business. That is why I am a co-sponsor of the Small Business Access to Capital Act. This bill would reduce loan guarantee fees for small business borrowers and lenders and permit guaranteed and non-guaranteed loan combination financing. In addition, it would increase maximum guaranteed and gross loan amounts.