house Bill H.R. 6756
Should Tax Deductions for Startups be Expanded?
Argument in favor
Small businesses make major contributions to the U.S. economy’s innovation and productivity. Supporting them via tax breaks will encourage their formation and success, benefiting both business owners and workers while promoting economic growth.
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09/27/2018
Any help that can be given to small businesses should be expanded. Across America "mom and pop" shops are disappearing, being absorbed into larger companies.
09/27/2018
Start ups bring about new ideas and innovation to the US economy, so we should help them with tax breaks.
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09/27/2018
Small businesses make major contributions to the U.S. economy’s innovation and productivity. Supporting them via tax breaks will encourage their formation and success, benefiting both business owners and workers while promoting economic growth.
Argument opposed
America's debt burden is already tremendous, and this bill will cost over $5 billion in lost tax revenue. Additionally, small businesses, like larger corporations, already received tax relief in last year’s GOP tax bill.
09/27/2018
this deduction should be eliminated for any startup that has venture capital funding. those startups don't need this deduction to help them get off the ground.
09/27/2018
I think that 7 years is long enough for a company to find out if they can turn a profit or not. 15 years is unreasonable.
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09/27/2018
This is the epitome of the hypocritical behavior and ideology of so called “business people.” They want a free ride but won’t help anyone eat or stay healthy. I’m so sick of having business dictate the rules of society rather than society dictating the rules of business. Stop legal bribery. Eliminate paid lobbyists. Make our elections government funded and limited to short periods of time. Campaign finance reform will solve many of the log jams we have. Eliminate districting by party in power, let mathematics and computers do what they are best at, crunching numbers. Maps should be drawn by feeding raw data to a computer that does not take into anything more than population density and physical geographic barriers like rivers and mountains.
Any help that can be given to small businesses should be expanded. Across America "mom and pop" shops are disappearing, being absorbed into larger companies.
this deduction should be eliminated for any startup that has venture capital funding. those startups don't need this deduction to help them get off the ground.
Start ups bring about new ideas and innovation to the US economy, so we should help them with tax breaks.
Small businesses make major contributions to the U.S. economy’s innovation and productivity. Supporting them via tax breaks will encourage their formation and success, benefiting both business owners and workers while promoting economic growth.
I think that 7 years is long enough for a company to find out if they can turn a profit or not. 15 years is unreasonable.
More tax revenue is collected if you have more business' operating so, encouraging more startups by lessening the tax burden is the best possible way for the government increase revenues.
Because it can be a huge struggle to get into business. You sometimes have to spend money and it can be hard on the bottom line
Small businesses need just as much support as big businesses. Small businesses employ more people in the long run as do big businesses.
This is the epitome of the hypocritical behavior and ideology of so called “business people.” They want a free ride but won’t help anyone eat or stay healthy. I’m so sick of having business dictate the rules of society rather than society dictating the rules of business. Stop legal bribery. Eliminate paid lobbyists. Make our elections government funded and limited to short periods of time. Campaign finance reform will solve many of the log jams we have. Eliminate districting by party in power, let mathematics and computers do what they are best at, crunching numbers. Maps should be drawn by feeding raw data to a computer that does not take into anything more than population density and physical geographic barriers like rivers and mountains.
All of us need less taxes. That means our representatives need to STOP SPENDING.
Helping small business to get off the ground will expand the possibility for the middle class to grow or maintain themselves
As an insurance agent that deals with many small businesses I know the struggles, they are going through. Many of them cannot afford to hire new employees because of the rising costs that they are experiencing by starting their businesses. Giving them more tax deductions will help to boost the economy in many ways. They will be able to hire more people. They can expand their businesses and they can afford to advertise. Looking out for the small business owner is truly looking out for an American citizen that is valuable.
Taxes are a burden that should be lifted as much as possible from every aspect of life
One of the the most ridiculous things about the US is the propagandistic support of "Capitalism" and the subsequent legislative addition of business/corporate welfare. Businesses need to pay taxes. They consume resources from the community (roads, employees, etc.) and should be required to give back. If the concern is that the entrepreneur is facing anti-competitive practices, and therefore cannot have a chance to thrive, then stop giving large corporations tax breaks and other forms of welfare. No for-profit business should be exempt from taxation. None. No business should receive governmental support until every single resident of the United States is has healthcare and a living wage.
Yes! Businesses create jobs. Allowing start-ups to not be strangled by taxes will go a long way toward any business being able to succeed and create new jobs.
Tax deductions for VERY SPECIFIC STARTUPS, yes -- specifically, startups which are not owned by Billionaires or the families or shadow holdings thereof. And also, startups which employ AMERICAN CITIZENS ON AMERICAN SOIL, and which create an ACTUAL, PHYSICAL PRODUCT all deserve to have a tax break in order to get established. The Deadbeat Billionaire's Club can foot the bill, since they're not using their money for anything other than their antarctic doom shelters anyway.