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house Bill H.R. 254

Should Congress Give New Business Start-ups Tax Breaks?

Argument in favor

New businesses play an important role in creating new ideas and inventions across a range of fields. These tax breaks give startups a boost when it comes to competing with established companies to help level the playing field.

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08/31/2015
“At a time when we have a $18.2 trillion national debt and an unsustainable federal deficit; at a time when many of the largest corporations in America are paying no federal income taxes; and at a time when corporate profits are at an all-time high, it is past time for corporate America to pay their fair share in taxes so that we can create the millions of jobs this country needs.” [sanders.senate.gov]
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DonaldTrump's Opinion
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08/31/2015
"I fight like hell to pay as little as possible for two reasons. Number one, I'm a businessman. And that's the way you're supposed to do it...” [cbsnews.com]
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08/31/2015
"We need to simplify the tax code, which is way too complicated - and rigged to create loopholes for big corporations with armies of lawyers to wiggle through. Washington works for those who can hire armies of lawyers and lobbyists, but we need for Washington to work for small businesses." [elizabethwarren.com]
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Argument opposed

Making it in business is tough. If you need money that would otherwise go to providing Americans with important services to start your business, maybe you’re not tough enough.

raucreativity's Opinion
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04/08/2015
It's not that taxes aren't too high on business... It's that I don't want the government picking winners and losers in the marketplace. Taxes should be flat and fair across the board, so that small companies can compete with big ones.
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Samuel's Opinion
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04/08/2015
New small businesses, just like old small businesses, are only taxed on profit. No profit, no taxes. Instead wasting time crafting a bill that sounds good but does nothing, our government should do something useful, like reforming the entire tax code. Right now, our tax code is so conveluted that no individual person can comprehend it, let alone the average american. This is unfair and is taxation without proper representation. Instead of adding another layer of complexity to it, the tax code should be reformed and simplified.
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Howard's Opinion
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04/08/2015
This type of proposal always sounds great to “normal" people who are ignorant on how business and taxes work. Taxes are only due on net profits. Most actual small businesses show no net profit. These tax breaks in fact are intended to benefit corporations that have been gaming the system for years. When the Koch Bros. are labeled a “small business" it's obvious how twisted things are. If the government wants to help the true up and coming entrepreneur let them borrow money at the same rate they're giving to the big banks.
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bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      Committee on Ways and Means
    IntroducedJanuary 9th, 2015
    “At a time when we have a $18.2 trillion national debt and an unsustainable federal deficit; at a time when many of the largest corporations in America are paying no federal income taxes; and at a time when corporate profits are at an all-time high, it is past time for corporate America to pay their fair share in taxes so that we can create the millions of jobs this country needs.” [sanders.senate.gov]
    Like (106)
    Follow
    Share
    It's not that taxes aren't too high on business... It's that I don't want the government picking winners and losers in the marketplace. Taxes should be flat and fair across the board, so that small companies can compete with big ones.
    Like (11)
    Follow
    Share
    "I fight like hell to pay as little as possible for two reasons. Number one, I'm a businessman. And that's the way you're supposed to do it...” [cbsnews.com]
    Like (57)
    Follow
    Share
    "We need to simplify the tax code, which is way too complicated - and rigged to create loopholes for big corporations with armies of lawyers to wiggle through. Washington works for those who can hire armies of lawyers and lobbyists, but we need for Washington to work for small businesses." [elizabethwarren.com]
    Like (36)
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    "They are also thinking about how are we advancing the cause of giving small businesses and entrepreneurs the opportunity to start creating the next Google or the next Apple, or the next innovative company that is going to create jobs and improve our economy." [huffingtonpost.com]
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    Starting a business is equivalent to an individual volunteering their own capital to create jobs and better the economy. This bill will allow more of these people to be profitable, which raises the incentive for entrepreneurship.
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    New small businesses, just like old small businesses, are only taxed on profit. No profit, no taxes. Instead wasting time crafting a bill that sounds good but does nothing, our government should do something useful, like reforming the entire tax code. Right now, our tax code is so conveluted that no individual person can comprehend it, let alone the average american. This is unfair and is taxation without proper representation. Instead of adding another layer of complexity to it, the tax code should be reformed and simplified.
    Like (10)
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    “Reducing the tax burden on small businesses and the middle-class families who fuel them ensures their future is in their own hands, not the government’s.” Read more at http://www.ouramericanrevival.com/news/governor-scott-walker-small-business-is-serious-business/
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    I think like with anyone, it should be scaled by how funded your startup is. If you're a startup with millions, you should get no break or less of a break than one with pennies.
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    Reducing the risk expense with a small deduction for starting a business will provide just enough incentive for some to take the leap to start their own business. Good luck America!
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    "I have spent most of my life in the private sector, running a small business in a state that, at times, seemed openly hostile to people like me. There is much more for us to do, but as a first step, I'm proposing cutting personal property taxes for small businesses." [ontheissues.org]
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    “American households purchasing coverage on their own or people who want to start their own businesses should receive tax relief for more portable, quality coverage.” Read more at https://www.washingtonpost.com/blogs/right-turn/wp/2015/07/06/jeb-bush-attacks-the-obama-clinton-zombie-economy/
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    There's already too many tax breaks. We should be minimizing the tax code not expanding it.
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    This type of proposal always sounds great to “normal" people who are ignorant on how business and taxes work. Taxes are only due on net profits. Most actual small businesses show no net profit. These tax breaks in fact are intended to benefit corporations that have been gaming the system for years. When the Koch Bros. are labeled a “small business" it's obvious how twisted things are. If the government wants to help the true up and coming entrepreneur let them borrow money at the same rate they're giving to the big banks.
    Like (5)
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    A more common sense bill would be to reform and simplify the entire tax code. Lower tax rates and remove all deductions and breaks and this wouldn't be an issue
    Like (4)
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    Repubs are always going on and on about entrepreneurship, yet want to make it harder to start a business. Incentivize opening a small, home-based business and allow them to flourish. This diversifies the business community. But, we also need to close all loopholes and tax benefits for large business and corporations. Let all that money filter to small business and end corporate monopolies.
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    As a small business owner, the few tax breaks available are not enough to spur real growth. Therefore, I rely and focus on expanding my market share in order to grow my bottom line. Self employment is tough & people need to adapt in ways beyond hoping for the government to provide tax breaks!
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    Congress should give us all a break, and take the next few terms off.
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    This bill encourages American business and infrastructure, and everybody can agree on it. I've really never heard of a better deal, in many senses.
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    How can the economy grow if small business is taxed to failure?
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