ATR today released a letter praising Congressman Bob Latta for introducing H.R. 1763, the "Responsible Reinvestment Act of 2009."  This small business tax cut bill:

  • Permanently kills the death tax
  • Doubles small business equipment expensing to $500,000 per year
  • Provides first-year expensing for manufacturing and agricultural equipment
  • Creates a new tax deduction for 20 percent of self-employment income
  • Allows health insurance premiums to be fully-deductible for small employers
  • Allows health savings account (HSA) contributions to be fully-deductible for small employers
  • Creates a super-charged small business retirement account that would allow small employers to save nearly $50,000 per year for retirement, fully tax-deductibly