The following excerpt is from Chairman of the House Ways and Means Committee, Congressman Dave Camp’s website:
Highlights from the House: Camp Offers Job-Creating Small Business Tax Cut Act
More than Half of All Americans Still Oppose Obamacare
Last week, Congressman Dave Camp and Majority Leader Eric Cantor (R-VA) introduced the Small Business Tax Cut Act H.R. 9 to put more money and resources into the hands of America's small businesses. The legislation gives businesses with fewer than 500 employees the ability to deduct 20% of their income tax. The proposal has broad support from the small business community. Former Mount Pleasant mayor and small business owner Jim Holton praised the legislation saying, "The beauty of the Small Business Tax Cut Act is its simplicity. If you are earning profits and contributing to the economy, then you can take 20 percent off your tax bill. No hoops to jump through. This is a great way for business owners like myself in the Great Lakes Bay Region and across America to help jump-start our economy."
This week, the U.S. Supreme Court is hearing oral arguments on the constitutionality of the Affordable Care Act, at a time when the percentage of Americans opposing it has reached an all-time high: 67%. On the two-year anniversary of the law, Camp said, "Instead of lowering costs, which the President promised, health care costs continue to increase and far too many Americans are losing the insurance coverage they have and like because of the costly government mandates contained in the Affordable Care Act
Congressman Camp is leading the way in repealing the law with solutions to empower individuals, not government bureaucrats, to have control over health care decisions and help reduce costs. On Thursday, the House of Representatives passed H.R. 5, the Protecting Access to Health Care Act, to repeal portions of the Affordable Care Act and overhaul medical malpractice laws. Read more here. Camp has pledged to continue to working on common sense, patient-centered solutions that will lower costs and increase access to care. To date, Camp’s effort to repeal the Affordable Care Act has saved taxpayers nearly $52 billion.