Comments requested from NAMA members: House draft proposal would simplify tax rules for small businesses
Rep. Dave Camp, R-Mich., the chairman of the House Ways and Means Committee, released a new draft proposal, HR 633 that calls for simplifying tax rules for small businesses and making compliance easier.
Sunset Act of 2012
HR 6333, the Sunset Act of 2012, was introduced by Rep. Steve King on Aug. 2, 2012. The bill would require Congress to vote on all new rules and regulations proposed by federal departments and agencies. The Act recognizes that rules not intended to have substantial economic impact may have a significant effect on small business and job creators. The legislation would also require that all current regulations be "sunsetted" and voted on by Congress for renewal.
Federal minimum wage
Rep. George Miller, D-Calif., and Sen. Tom Harkin, D-Iowa, co-authored the Fair Minimum Wage Act of 2013. The bill would increase the federal minimum wage from the current $7.25 an hour to $10.10 per hour in increments, plus tie future increases to the cost of living. The guaranteed minimum wage for tipped employees (primarily restaurant workers) would rise from $2.13 per hour to 70 percent of the standard minimum wage, the first time that amount has increased in 20 years. 19 states plus Washington, D.C., have state minimum wages above $7.25. The last federal minimum wage raise came in 2007 under President George Bush.
Repeal of Affordable Care Act employer mandate
Senator Jerry Moran, R-Kan., cosponsored S 399, the American Job Protection Act, legislation which would repeal the employer mandate provision included in the President's $2.6 trillion health law. The provision requires businesses of 50 employees or more to provide a prescribed level of health insurance or pay a penalty between $2,000 and $3,000 for each employee working 30 hours or more a week. Companion, bipartisan legislation, HR 763, has also been introduced in the House. Click here to read more about the ACA employer mandate, S 399, and to view a list of organizations supporting repeal of this mandate.
Hawaii: Proposal to tax sugar-sweetened beverages defeated
SD 1085, the proposed sugar-sweetened beverage tax, was defeated by the Senate Ways and Means Committee.
Vermont: Proposal to revoke current sales tax exemption on soda and candy
Vermont state representative Jim Masland, has proposed a measure that would add sales tax to candy and soda purchases. The House Ways and Means Committee recently voted to kill a bill that would add a one-cent-per-ounce tax on sugary beverages, such as soft drinks, sports drinks and sugar-added juices. Rep. Masland, who is part of that committee, voted against that tax. The sales tax proposal for candy and soda is included in an overall tax bill currently undergoing revisions in the House Ways and Means Committee.
Washington: High Court strikes down supermajority requirement for tax hikes
For almost 20 years, Washington state lawmakers have needed a two-thirds vote to pass a tax increase. Last month the state Supreme Court ruled that supermajority requirement unconstitutional. In a 6-3 decision, the court said such a restriction could only be imposed by a constitutional amendment.
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