Sens. Hassan, Budd Introduce Bipartisan Bill to Cut Taxes for Small Businesses to Provide Retirement Plans
May 25, 2024
May 25, 2024
WASHINGTON, May 25 -- Sen. Maggie Hassan, D-New Hampshire, issued the following news release:
U.S. Senators Maggie Hassan (D-NH) and Ted Budd (R-NC) introduced bipartisan legislation to cut taxes for small businesses with fewer than 10 employees that create retirement accounts for their employees. The current tax credit that helps small businesses pay for the costs of starting retirement plans for employees is often insufficient for the smallest businesses, as the tax credit is prov . . .
U.S. Senators Maggie Hassan (D-NH) and Ted Budd (R-NC) introduced bipartisan legislation to cut taxes for small businesses with fewer than 10 employees that create retirement accounts for their employees. The current tax credit that helps small businesses pay for the costs of starting retirement plans for employees is often insufficient for the smallest businesses, as the tax credit is prov . . .