Regulatory Burdens on Small Firms: What Rules Need Reforms?”
The Small Business Administration , Office of Advocacy is taking suggestions for its congressional feedback system. That is, they want to be able to tell Congress what laws need fixing to make life easier for small businesses across the nation. For example, here is the SBA report on one rule they did in fact get Congress to change.
Momentum is building for the second year of the r3 (Rules for Review and Reform ) initiative Top 10,” said Shawne McGibbon, acting Chief Counsel for Advocacy. “With the success of last year’s Top 10, small business understands that making constructive suggestions for how to improve current rules can result in federal agency action.”
The Home Office Tax Deduction Simplification and Improvement Act (H.R. 7074). The bill simplifies the home office deduction by introducing a standard deduction for small business owners. It is companion legislation to S. 3371, introduced earlier this year by Senator Olympia Snowe (R-ME). Simplification of the home office deduction was one of the 2008 Top 10 nominations.
Early next year, the SBA will present the nominated rules to Congress for review. Here are the contact persons:
Office of Advocacy r3 website at www.sba.gov/advo/r3
email to advocacy@sba.gov
Keith Holman at (202) 205-6533
Nominations are due by December 31, 2008.
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