Monday, March 28, 2011

Rep. Gardner’s Small Business Savings Account Legislation Endorsed by NFIB

The National Federation of Independent Business has endorsed legislation proposed by Rep. Cory Gardner (CD-4) that would allow people to create tax-deductible savings accounts to start or expand small businesses.

Tony Gagliardi, the NFIB’s Colorado State Director, released the following statement:

"NFIB thanks Rep. Cory Gardner for introducing HR 1180, The Small Business Startup Savings Accounts Act, which will help entrepreneurs and small business owners to plan for future business needs.

"Growing up in a family owned small business, Rep. Gardner knows first-hand the challenges entrepreneurs face in starting and running their own businesses. The 112th Congress is being dubbed the 'small business Congress' because of legislators like Rep. Gardner. NFIB appreciates his keeping our nation's job creators - small business owners - as the focus of his first piece of legislation."

The National Federation of Independent Business is the leading small business association representing small and independent businesses. A nonprofit, nonpartisan organization founded in 1943, NFIB represents the consensus views of its members in Washington and all 50 state capitals.

1 comment:

  1. I wonder if Gardner will release a CBO score of this one showing how much it will increase the deficit. The ease of using it deduct $10,000 would make it really popular and I imagine this would reduce federal revenues by an amazingly high amount.

    How much will it cost?