Quantcast

Memphis Standard

Saturday, November 23, 2024

Congressman Kustoff Introduces the Small Business Taxpayer Bill of Rights Act

Congressman david kustoff

David Kustoff | wikipedia.org

David Kustoff | wikipedia.org

WASHINGTON, D.C. — Congressman David Kustoff (TN-08) today introduced the Small Business Taxpayer Bill of Rights Act in the House of Representatives. This bill protects small businesses and taxpayers by bolstering taxpayer protections, prohibiting improper Internal Revenue Service (IRS) targeting of taxpayers, compensating taxpayers for IRS abuse, and lowering the regulatory burden on taxpayers.

Senator John Cornyn (R-TX) introduced the companion bill in the United States Senate.

"Small businesses are the backbone of West Tennessee’s economy. They should be focused on growing and creating jobs, not dealing with burdensome and costly IRS regulations," said Congressman Kustoff. "This Tax Day, I introduced this legislation that will protect small businesses from unnecessary scrutiny and hold the IRS accountable." 

“Each year, Tax Day reminds us that small business owners must spend thousands of hours conforming to IRS requirements instead of boosting the economy and creating jobs,” said Senator Cornyn. “This bill lowers the compliance burden, strengthens taxpayer protections, and ensures small businesses are not targeted for additional scrutiny based on their politics.”

The Small Business Taxpayer Bill of Rights Act was endorsed by the National Taxpayers Union (NTU), Americans for Tax Reform (ATR), and Heritage Action for America.

"Small businesses often bear the burden of the heaviest IRS enforcement tactics, with the fewest resources to defend themselves. The Small Business Taxpayer Bill of Rights would restore and enhance the protections that business owners and all Americans deserve when interacting with the IRS. Better alternative dispute resolution, safeguards during audit appeals, and greater financial recoveries for taxpayers wronged by the government are just a few of the ways Congressman Kustoff's legislation would restore balance to our system of tax administration. At a time when the IRS's resources are increasing massively, Americans need reassurance that they will be treated fairly, and the Small Business Taxpayer Bill of Rights is up to the job," said National Taxpayers Union President Pete Sepp.

 Click here to read the full text of the bill. 

Original source can be found here.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS