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Thornberry, Cornyn introduce small business taxpayer bill of rights
On Tax Day, U.S. Congressman Mac Thornberry (R-Clarendon) and U.S. Sen. John Cornyn (R-TX) introduced legislation to lessen the burden on small business owners and assist taxpayers in cutting through IRS red tape. The Small Business Taxpayer Bill of Rights Act of 2015 would lower compliance burdens for taxpayers, strengthen taxpayer protections, compensate taxpayers for IRS abuses, and improve taxpayer access to the U.S. Tax Court System.
“All too often, the federal government, especially the IRS, places unnecessary burdens on our nation’s most important job producers: small businesses,” said Thornberry. “The laws and regulations that come out of Washington should always first do no harm, but they should also help grow our economy and American jobs. This bill provides hard working small business owners with important protections against an IRS that has been out of control for far too long.”
“Tax Day serves as an annual reminder of the complexity and inefficiency of our federal tax system, and especially the burdens the IRS places on job-creating small businesses. This bill takes concrete steps towards easing that burden so the small businesses that drive our economy can get back to what they do best – innovating and creating opportunity across America,” said Cornyn.