Baldwin introduces 'Support Our Start-Ups' Act providing tax relief for new businesses
Posted: Nov 14, 2019 4:00 PM CDT
MILWAUKEE (CBS 58) -- Starting a small business can be a difficult task, but lawmakers want to make the process easier.
Democratic Senator Tammy Baldwin and Republican Senator John Hoeven introduced bipartisan tax reform legislation on Wednesday, Nov. 13, that would support small business startups around the nation.
It would do that chiefly by increasing tax deductions for small businesses. Wisconsin has been especially struggling with small business creation.
"In addition to finding that we lag behind in startups, the Kauffman Foundation also said that we lag behind our neighboring states in terms of the number of jobs created in the first year of a new business," Baldwin said.