Louisiana native and brother to Mayor Mitch Landrieu, Senator Mary Landrieu, Chair of the Senate Committee on Small Business and Entrepreneurship, held a roundtable last week to help give small businesses a voice in the tax reform debate. The roundtable, entitled “Small Business Tax Reform: Making the Tax Code Work for Entrepreneurs and Startups,” is one of the many ways Senator Landrieu works to increase the number of startups and assist existing small businesses.
“There are few matters more important to small businesses than the taxes they pay and the record keeping necessary to support those filings,” Senator Landrieu said. “Small business owners operate in a ‘do-it-yourself’ economy. Let’s have a tax code that helps them do it.”
During the roundtable, Senator Landrieu discussed three major tax reform ideas:
- Protect the middle class and ensure taxes are not increased for working or middle class families;
- Level the playing field for U.S. employers to ensure tax reform makes our companies more competitive in the global economy;
- “Parity for small business” to ensure that any tax reform plan does as much to startups and family businesses as it does for a large company.
Participants concluded that simplicity is key for moving forward with tax reform.
“If you cannot describe in a few simple sentences how a rule works or it requires alternative calculations, the rule is not simple and either needs to be revised or repealed,” said participant Professor Nellen.
For more information about Senator Landrieu’s roll in the ongoing tax reform debate, visit sbc.senate.gov.