FEDERALhearing transcript

Hearing on Small Business Tax Reform

Original title: SMALL BUSINESS TAX REFORM: MODERNIZING THE CODE FOR THE NATION'S JOB CREATORS

January 1, 2018

tax reform small business IRS entrepreneurship economic policy

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The Frame

What this does

The hearing serves as a public record of legislative discussions regarding potential changes to tax laws that affect the administrative and financial obligations of 29 million small businesses in the United States.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Small business owners

They are subject to the tax code requirements and administrative burdens discussed by the committee.

SBA (Small Business Administration)

The agency is responsible for recovery efforts in regions impacted by hurricanes, as noted by the committee.

What changed

Last recorded activity January 1, 2018.

What's next

Next step not available in the current record.

Summary

This document is a transcript from a 2017 House Committee on Small Business hearing regarding the impact of the U.S. on small businesses. The committee discussed how tax complexity and outdated regulations create administrative burdens for entrepreneurs and small business owners.

Key Facts

The hearing took place on October 4, 2017, in the Rayburn House Office Building.
The committee addressed the impact of the U.S. Tax Code on approximately 29 million small businesses.
The hearing focused on the complexity and uncertainty the current tax code imposes on small business owners.
The committee discussed the need to modernize tax laws to reflect modern technology and business interactions.
Chairman Chabot noted that the committee is tracking SBA recovery efforts for hurricanes in Texas, Florida, and Puerto Rico.

Frequently Asked Questions

What was the primary purpose of this hearing?

To discuss how the U.S. affects small businesses and to explore ways to modernize tax laws for entrepreneurs.

Who testified at this hearing?

Witnesses included Kristie Arslan (Small Business & Entrepreneurship Council), Taylor Wyatt (MotionMobs), Miguel Centeno (Shared Economy CPA), and Caroline Bruckner (Kogod Tax Policy Center).

Why It Matters

News Coverage

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Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

temporal pattern100% confidence

Hurricane Recovery Context

The hearing, while focused on tax reform, opened with a formal acknowledgment of ongoing SBA hurricane recovery efforts in 2017.

SBA Texas Florida Puerto Rico

Connected Entities

personKristie Arslan“Witness, Small Business & Entrepreneurship Council”Map →

organizationHouse Committee on Small Business“Congressional committee conducting the hearing”Map →

personNydia Velazquez“Ranking Member of the House Committee on Small Business”Map →

personCaroline Bruckner“Witness, Managing Director of Kogod Tax Policy Center”Map →

personSteve Chabot“Chairman of the House Committee on Small Business”Map →

personTaylor Wyatt“Witness, President of MotionMobs”Map →

personMiguel Centeno“Witness, Partner at Shared Economy CPA”Map →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100

Significance40
How much this matters to a regular citizen
Controversy20
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz10
Current news / social attention level

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