Home Robert Hurt: Reforming the tax code and allowing small business to grow
Politics

Robert Hurt: Reforming the tax code and allowing small business to grow

Letters

Robert_HurtAs I traveled along Route 58 recently, touring a variety of manufacturing companies, I talked with small business owners and working Virginians about the biggest issues for success in their businesses.  Route 58 is one of the two main arteries of Virginia’s Fifth District, and has a proud history of manufacturing as it connects Southside Virginia directly to the Port of Virginia, making it a strategic area for manufacturers to locate their businesses.  Unfortunately, many communities along Route 58 continue to experience significantly higher unemployment than other areas of Virginia.

As I have heard so many times before, the Fifth District Virginians I spoke with told me about their grave concerns regarding unemployment and the need for policies that help Main Street, small businesses, family farms, and Virginia’s working families by reducing unnecessarily burdensome regulations, and making it easier to do business.

Among the significant concerns impacting Fifth District businesses and their ability to invest in their communities is Washington’s complex and outdated tax code, which continues to stifle small businesses’ ability to grow their operations and create jobs. In the House, we remain committed to reforming the outdated corporate tax code, which has the unfortunate distinction of being among the highest rates in the world.

As part of the bipartisan Jobs for America Act, the House also recently passed America’s Small Business Tax Relief Act to ensure that our small businesses have the certainty they need to grow their businesses. This legislation would make permanent a tax provision that allows small businesses to expense certain investments in new equipment and property each year. By permanently allowing these small businesses to deduct up front the costs of purchasing new equipment and property expenses each year, we are strengthening our economy by making it easier for them to invest back into their businesses. This also relieves these vital job creators from some of their tax compliance costs, which are 65% higher than those of big businesses.

America’s Small Business Tax Relief Act is a vital step forward, but it is just a small part of what we need to do to reform our reform to free our Main Street businesses from government-created obstacles to economic growth. I look forward to continuing to work with my colleagues to foster the success of our small businesses so that they can create jobs and generate opportunity and prosperity for our communities.

If you need any additional information, please visit my website at hurt.house.gov or call my Washington office: (202) 225-4711, Charlottesville office: (434) 973-9631, Danville office: (434) 791-2596, or Farmville office: (434) 395-0120.

Robert Hurt represents the Fifth District in Congress.

WC: 429

 

Latest News

Sports Betting

Top 5 Best Boxing Betting Apps For Jake Paul vs. Julio Cesar Chavez Jr.

How To Bet On Jake Paul vs. Julio César Chávez Jr. In Florida
Sports Betting

How To Bet On Jake Paul vs. Julio Cesar Chavez Jr. In Tennessee

Jake Paul steps back into the boxing ring on Saturday, June 28 for a 10-round cruiserweight showdown with Julio César Chávez Jr., and Tennessee bettors are gearing up to wager. While regulated sportsbooks in Tennessee haven’t gone all-in on this fight, offshore betting sites are taking bets now — and offering bigger bonuses, more free...

Sports Betting

How To Bet On Jake Paul vs. Julio Cesar Chavez Jr. In Arizona

Jake Paul returns to the ring on Saturday, June 28 for a 10-round cruiserweight bout against Julio César Chávez Jr., and Arizona bettors have options. While local sportsbooks are offering basic odds on the fight, they fall short when it comes to bonuses, crypto support, and prop variety. That’s where offshore betting sites come in....

Jake Paul vs Julio Cesar Chavez Jr
Sports Betting

How To Bet On Jake Paul vs. Julio Cesar Chavez Jr. In South Carolina

acc football
Football

ACC Football 2025 Preview: It’s Clemson, and then everybody else

police ICE
Politics, U.S. & World

America’s most lawless agency: Trump’s ICE is the prototype for tyranny

police emergency fire accident
Police, Virginia

Front Royal woman dies from injuries in Warren County motorcycle accident