News from
Rep. Stephanie Herseth
HERSETH HELPS PASS TAX RELIEF FOR SOUTH DAKOTA SMALL BUSINESSES Measure Brings Fairness, Needed Relief to Family Farms and Small Family Businesses February 16, 2007 – U.S. Rep. Stephanie Herseth today voted for H.R. 976, the Small Business Tax Relief Act of 2007, which passed the U.S. House of Representatives with a broad bipartisan majority. The legislation includes targeted tax relief that will benefit family farms and small family businesses across South Dakota. Herseth, who also cosponsored the legislation, said, “This is common sense tax relief that will help South Dakota small business owners remain competitive, and help keep our economy strong. The bill extends and expands a range of important tax breaks to ensure small businesses can invest in future growth. Importantly, it contains a key provision that will bring fairness to spouses who jointly own family farms and small family businesses.” The U.S. Chamber of Commerce supports the bill, stating that H.R. 976 “provides targeted tax relief that will assist small businesses’ job growth.” The bill’s provisions include:
# # # Herseth is a member of the Blue Dog Coalition, a group of moderate Democrats committed to fiscal discipline and strong national security, and is co-chair of the Rural Working Group, which is dedicated to raise the profile of issues important to rural America. She also serves on three committees vital to South Dakota's interest: Agriculture, Veterans' Affairs and Natural Resources. |
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