Press Releases
Republicans Side with Venture Capitalists and Ultra-Wealthy to Block Targeted Relief to Small Businesses
Washington,
June 13, 2023
Tags:
Economy
Republicans just blocked an amendment from Congressman Don Beyer (D-VA) that would limit millionaires and billionaires from raking in tax-free cash, while still encouraging early investment in small companies. Congressman Beyer’s amendment put sensible guardrails on the Qualified Small Business Stock (QSBS) Tax Benefit, yet every single Republican voted against it. …guess this bill isn’t about small business tax cuts after all?
Find Congressman Beyer’s amendment HERE. |
