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America's Small Business Tax Relief Act Of 2014
The America's Small Business Tax Relief Act of 2014 () is a bill that would amend section 179 of the Internal Revenue Code, which mostly affects small- to medium-sized businesses, to retroactively and permanently extend from January 1, 2014, increased the cap on the amount of investment that can be immediately deducted from taxable income. The bill would return the tax code to its 2013 status and make the change permanent. The bill was introduced into the United States House of Representatives during the 113th United States Congress. Background In 2013, businesses could write-off the full cost of some capital investments up to $500,000 per investment and a total of $2 million. After that provision of the tax code expired, the limit was dropped to $25,000 per investment and a total of only $200,000. Provisions of the bill ''This summary is based largely on the summary provided by the Congressional Research Service, a public domain source.'' The America's Small Business Tax Relief ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pat Tiberi
Patrick Joseph Tiberi (; born October 21, 1962) is an American lobbyist and politician who served as the U.S. representative for from 2001 to 2018. His district included communities north and east of Columbus. He is a member of the Republican Party, and previously served in the Ohio House of Representatives from 1993 to 2000. He briefly served as Chair of the new Republican Main Street Congressional Caucus from September 7, 2017. In October 2017, Tiberi announced his plan to resign from Congress in January 2018 to lead the Ohio Business Roundtable. His last day in office was January 15. Early life, education and career Tiberi was born in Columbus, Ohio, the son of Italian immigrants, Rina (Silvestri) and Joe Tiberi. He attended the city's Woodward Park Middle school and Northland High School. Tiberi attended the Ohio State University, where he was a member of The Ohio State University Marching Band. He graduated from Ohio State in 1985 with a degree in journalism. Tiberi was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Deduction
Tax deduction is a reduction of income that is able to be taxed and is commonly a result of expenses, particularly those incurred to produce additional income. Tax deductions are a form of tax incentives, along with exemptions and tax credits. The difference between deductions, exemptions, and credits is that deductions and exemptions both reduce taxable income, while credits reduce tax. Above and below the line Above and below the line refers to items above or below adjusted gross income, which is item 37 on the tax year 2017 1040 tax form. Tax deductions above the line lessen adjusted gross income, while deductions below the line can only lessen taxable income if the aggregate of those deductions exceeds the standard deduction, which in tax year 2018 in the U.S., for example, was $12,000 for a single taxpayer and $24,000 for married couple. Limitations Often, deductions are subject to conditions, such as being allowed only for expenses incurred that produce current benefits. C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Bills In The 113th United States Congress
The bills of the 113th United States Congress list includes proposed federal laws that were introduced in the 113th United States Congress. This Congress lasted from January 3, 2013, to January 3, 2015. The United States Congress is the bicameral legislature of the federal government of the United States consisting of two houses: the lower house known as the House of Representatives and the upper house known as the Senate. The House and Senate are equal partners in the legislative process—legislation cannot be enacted without the consent of both chambers. The bills listed below are arranged on the basis of which chamber they were first introduced in, and then chronologically by date. Once a bill is approved by one house, it is sent to the other which may pass, reject, or amend it. For the bill to become law, both houses must agree to identical versions of the bill. After passage by both houses, a bill is enrolled and sent to the president for signature or veto. Bills from ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Richard Neal
Richard Edmund Neal (born February 14, 1949) is an American politician serving as the U.S. representative for since 1989. The district, numbered as the 2nd district from 1989 to 2013, includes Springfield, West Springfield, Pittsfield, Holyoke, Agawam, Chicopee and Westfield, and is much more rural than the rest of the state. A member of the Democratic Party, Neal has been the dean of Massachusetts's delegation to the United States House of Representatives since 2013, and he is also the dean of the New England House delegations. Neal was president of the Springfield City Council from 1979 to 1983, serving as mayor of Springfield from 1983 to 1989. He was nearly unopposed when he ran for the House of Representatives in 1988, and took office in 1989. Neal has chaired the House Ways and Means Committee since 2019 and chaired the Subcommittee on Select Revenue Measures. He has also dedicated much of his career to U.S.–Ireland relations and maintaining American involve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sander Levin
Sander Martin Levin (born September 6, 1931) is an American politician who served in the United States House of Representatives from 1983 to 2019, representing (numbered as the from 1983 to 1993 and as the from 1993 to 2013). Levin, a member of the Democratic Party from Michigan, is a former ranking member on the House Ways and Means Committee; he was Chairman of the Ways and Means Committee from 2010 to 2011. He is the older brother of former U.S. Senator Carl Levin, and the father of current Congressman Andy Levin, his successor. In December 2017, Levin announced that he would retire from Congress at the end of his current term, and not seek re-election in 2018. His son Andy was elected on November 6, 2018, and took office in the 116th Congress, which commenced on January 3, 2019. Early life and education Levin was born in Detroit, Michigan, the son of Jewish parents Bess Rachel (née Levinson) and Saul R. Levin. He graduated from Central High School in Detroit, received ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Federation Of Independent Business
The National Federation of Independent Business (NFIB) is an association of small businesses in the United States. It is headquartered in Nashville, Tennessee, with offices in Washington, D.C., and all 50 state capitals. The goal of NFIB is to advance the interests of small businesses. While officially nonpartisan, it mostly endorses Republican candidates. Politics On its website, the National Federation of Independent Business states that it is a "nonprofit, nonpartisan organization founded in 1943". In 2010, 25 of its members, all Republican, were elected to the 112th Congress. There has been debate about how representative of American small businesses NFIB is, noting its very conservative and pro-Republican record. Since 1990, it has donated $725,551 to Democratic candidates and party committees versus $11,972,074 to Republican candidates or party committees. It was a key opponent of President Bill Clinton's attempt to reform American health care in 1993. In 2010, the NFIB ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Association Of Equipment Manufacturers
The Association of Equipment Manufacturers (AEM) is a North American-based trade association representing off-road equipment manufacturers and suppliers, with more than 1,000 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide. AEM is based in Milwaukee, Wisconsin. Hall of fame Since 1939 the group has honored leaders of the industry in their hall of fame. Some notable inductees are: * Joseph Cyril Bamford (1916–2001), founder of JCB * Sir Anthony Bamford (born 1945), son of above * Daniel Best founder of Best Manufacturing Company * J. I. Case (1819–1891), founder of Case Corporation * William Dana Ewart, founder of Link-Belt Construction Equipment Company * Ronald M. DeFeo, Terex * Donald V. Fites, Caterpillar Inc. * J.C. Gorman, Gorman-Rupp Company * John L. Grove (1921–2003), founder of Grove Manufacturing Company * Henry Harnishfeger (1855–1930), P&H Mining * Benjamin Holt (1849–1920), founde ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Foundation
The Tax Foundation is an American think tank based in Washington, D.C. It was founded in 1937 by a group of businessmen in order to "monitor the tax and spending policies of government agencies". The Tax Foundation collects data and publishes research studies on U.S. tax policies at both the federal and state levels. Its stated mission is to "improve lives through tax policy research and education that leads to greater economic growth and opportunity". The Tax Foundation is organized as a 501(c)(3) tax-exempt non-profit educational and research organization, with three primary areas of research: the Center for Federal Tax Policy, the Center for State Tax Policy, and the Center for Legal Reform. The group is known for its annual reports such as ''Facts & Figures: How Does Your State Compare'', which was first produced in 1941, and its " Tax Freedom Day" brochures, which it has produced since the early 1970s. History The Tax Foundation was organized on December 5, 1937, i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unfunded Mandates Reform Act
The Unfunded Mandates Reform Act of 1995 (UMRA''(pdf)https://www.govinfo.gov/content/pkg/USCODE-1995-title2/html/USCODE-1995-title2-chap25.htm (text)] restricts the federal government of the United States, federal imposition of unfunded mandates on state, local and tribal governments in the United States. History UMRA was introduced on January 4, 1995, in the Senate by Dirk Kempthorne of Idaho as S. 1 to the Committees on the Budget and Governmental Affairs. It passed the full Senate on the 27th by a vote of 86 to 10; an identical version passed the House on February 1. It was signed into law by president Bill Clinton on March 22. Provisions The four titles of the Unfunded Mandates Reform Act are: Title I: Legislative Accountability and Reform. Any bill passed by committee must be submitted to the director of the Congressional Budget Office so that any federal mandates may be identified. No bill which contains any such mandate imposing a direct cost of more than fifty mi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Statutory Pay-As-You-Go Act Of 2010
The Statutory Pay-As-You-Go Act of 2010, Title I of , is a public law passed by the 111th United States Congress and signed by US President Barack Obama on February 12, 2010. The act reinstated pay-as-you-go budgeting rules used in Congress from 1990 until 2002, ensuring that most new spending is offset by spending cuts or added revenue elsewhere (with several major policy exemptions). Legislative history The Act was introduced in the House of Representatives on June 17, 2009, by Majority Leader Steny Hoyer ( D-Maryland) and has been cosponsored by 169 of the 257 House Democrats. The Act had initially passed the House of Representatives 265–166 as a standalone bill in July 2009, then was attached in the Senate to legislation raising the debt limit to $14.3 trillion. A majority of 241 Democrats supported the bill while a majority of 153 Republicans opposed it. In the Senate, the amendment attaching pay-as-you-go language to the debt-limit increase passed on a party-line vote ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint Committee On Taxation
The Joint Committee on Taxation (JCT) is a Committee of the U.S. Congress established under the Internal Revenue Code at . Structure The Joint Committee is composed of ten Members: five from the Senate Finance Committee and five from the House Ways and Means Committee. The Joint Committee is chaired on a rotating basis by the Chair of the Senate Finance Committee and the Chair of the House Ways and Means Committee. During the first Session of each Congress the House has the joint committee chair and the Senate has the vice-chair; during the second session the roles are reversed. The Members of the Joint Committee choose the Chief of Staff of the Joint Committee, who is responsible for selecting the remainder of the staff on a nonpartisan basis. Since May 15, 2009, the Chief of Staff of the Joint Committee has been Thomas A. Barthold. Duties The duties of the Joint Committee are: # Investigating the operation, effects, and administration of internal revenue taxes # Investigate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Congressional Budget Office
The Congressional Budget Office (CBO) is a federal agency within the legislative branch of the United States government that provides budget and economic information to Congress. Inspired by California's Legislative Analyst's Office that manages the state budget in a strictly nonpartisan fashion, the CBO was created as a nonpartisan agency by the Congressional Budget and Impoundment Control Act of 1974. Whereas politicians on both sides of the aisle have criticized the CBO when its estimates have been politically inconvenient, economists and other academics overwhelmingly reject that the CBO is partisan or that it fails to produce credible forecasts. There is a consensus among economists that "adjusting for legal restrictions on what the CBO can assume about future legislation and events, the CBO has historically issued credible forecasts of the effects of both Democratic and Republican legislative proposals." History The Congressional Budget Office was created by Title II of th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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