Republicans Side With Venture Capitalists and Ultra-Wealthy to Block Targeted Relief to Small Businesses
June 14, 2023
June 14, 2023
WASHINGTON, June 14 -- Rep. Don Beyer, D-Virginia, issued the following news release:
Republicans just blocked an amendment from Congressman Don Beyer (D-VA) that would limit millionaires and billionaires from raking in tax-free cash, while still encouraging early investment in small companies.
Congressman Beyer's amendment put sensible guardrails on the Qualified Small Business Stock (QSBS) Tax Benefit, yet every single Republican voted against it.
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Republicans just blocked an amendment from Congressman Don Beyer (D-VA) that would limit millionaires and billionaires from raking in tax-free cash, while still encouraging early investment in small companies.
Congressman Beyer's amendment put sensible guardrails on the Qualified Small Business Stock (QSBS) Tax Benefit, yet every single Republican voted against it.
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