Senate advances small business bill, reinforces tax reporting law

Senate advances small business bill, reinforces tax reporting law

Bill would include tax cuts and increased capital to restaurants and small businesses

While the U.S. Senate moved a small business aid bill popular with the foodservice industry one step closer to passage, senators failed to repeal a labor-intensive tax reporting requirement included in the nation’s sweeping healthcare reform law.

The Small Business Jobs and Credit Act of 2010, which includes provisions that would provide restaurants and other small businesses with tax relief while increasing access to capital, was moved forward by a vote of 61 to 37. The

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