Tax Relief in Sight after November Election?
Now that the estate tax bill has been defeated, legislators are looking to the November elections to solidify a stance on future tax reforms.
According to Christopher 'Kit' Bond (R-MO), the fall election season is critical if Congress is going to move forward with any kind of tax relief because 'who' get elected has the largest effect on pushing forward any legislation that may make a difference.
While November is viewed as the pinnacle for Congress, there will be some activity in the fall prior to the election. Bond says that he will fight on behalf of small business in several areas, including initiatives in low-income areas to win government contracts, assisting women-owned businesses and ensuring minimum wage and legislation led by OSHA does not get left behind.