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NASE Formally Requests Hearing on Small Business Tax Bill (H.R. 6102)

Monday, July 30, 2012

This afternoon, the National Association for the Self-Employed formally requested a hearing on H.R. 6102, America's Small Business Tax Relief Act of 2012, by the House Ways and Means Subcommittee on Tax and Select Revenue.  H.R. 6102 includes a permanent deduction for the deduction of health insurance premiums for the self-employed.  The letter is below:

Ways and Means Subcommittee Hearing Request on H.R. 6102

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July 30, 2012

The Honorable Dave Camp
Chairman
House Committee on Ways and Means Committee
1102 Longworth House Office Building
United States House of Representatives
Washington, DC 20515

The Honorable Pat Tiberi
Chairman
Subcommittee on Select Revenue Measures
House Committee on Ways and Means Committee
1102 Longworth House Office Building
United States House of Representatives
Washington, DC 20515

Dear Chairman Camp and Subcommittee Chairman Tiberi:

On behalf of the 21 million self-employed Americans, the National Association for the Self-Employed (NASE) requests a hearing by the Subcommittee on Select Revenue Measures on H.R. 6102, America's Small Business Tax Relief Act of 2012, introduced by Representatives Jim Gerlach (R-PA) and Ron Kind (D-WI) earlier this month. 

The bill's aim is to help our nation's self-employed and small business owners, by instituting eight permanent tax deductions that not only provided fiscal clarity for the self-employed, but also, provide them with equity in the tax code.  The bill clearly signals the intent of this Congress to ensure the viability of America's smallest businesses and will allow these businesses to grow and thrive. 

Of the eight provisions included in H.R. 6102, the NASE champions the permanent, full deduction of health insurance for the self-employed.  In June 2012 the NASE released its national health care survey, in which 85% of respondents indicated that rising health coverage costs have been detrimental to themselves, their families, their businesses and their “bottom line” over the past three years.  Juxtapose this against the fact that in 2011, the number of insured self-employed was at its highest, 77%.  And yet, the self-employed pay on average nearly $1,800 in additional taxes that no other business owners face because they simply decided to purchase health insurance. If the self-employed were allowed to fully deduct their health insurance costs as a business expense, the U.S. economy would have roughly $39 billion injected annually that would allow for individuals to re-invest in their business, purchase goods, and hire additional employees.  

We applaud the leadership of Representatives Gerlach and Kind in their sponsorship of this important piece of true small business legislation and we ask that the subcommittee moves to schedule a timely hearing in order to ensure that the House has amble time to review and advance this legislation prior the adjournment of the 112th congress.  

Sincerely,
Kristie Arslan
President & CEO