The U.S. Senate July 25 voted 51 to 48 to pass the Middle Class Tax Cut Act of 2012 (S. 3412), which, if enacted, would result in a massive tax increase on business income, capital investment and family succession. In addition, the Senate voted 45 to 54 against theABC-supported Hatch-McConnell Amendment to S. 3412 that would have forestalled the looming fiscal cliff facing America’s job creators. 

The Internal Revenue Service (IRS) and the Treasury Department issued proposals that will implement two taxes in the health care law on Jan. 1, 2013: the onerous 3.8 percent Net Investment Income Tax and the 0.9 percent Additional Medicare Tax. These taxes will heavily impact many merit shop contractors.

The Internal Revenue Service (IRS) and the Treasury Department issued proposals that will implement two taxes in the health care law on Jan. 1, 2013: the onerous 3.8 percent Net Investment Income Tax and the 0.9 percent Additional Medicare Tax. These taxes will heavily impact many merit shop contractors.

Jerry Gorski, president of Gorski Engineering, Inc., Collegeville, Pa., was featured in a video by U.S. House of Representatives Majority Whip Kevin McCarthy (R-Calif.) titled, “This is Small Business.”

Jerry Gorski, president of Gorski Engineering, Inc., Collegeville, Pa., was featured in a video by U.S. House of Representatives Majority Whip Kevin McCarthy (R-Calif.) titled, “This is Small Business.”

ABC joined 39 other organizations Nov. 27 in sending a letter to leaders in the Senate and the House urging them to avert the looming fiscal cliff of expiring tax provisions and automatic spending cuts that will effectively raise taxes on the majority of small businesses next year.

ABC joined 39 other organizations Nov. 27 in sending a letter to leaders in the Senate and the House urging them to avert the looming fiscal cliff of expiring tax provisions and automatic spending cuts that will effectively raise taxes on the majority of small businesses next year.

ABC is joining more than 30 other organizations as part of the Stop the HIT Coalition to support the Jobs and Premium Protection Act (S. 1880), introduced Nov. 16 in the U.S. Senate, which would repeal the Health Insurance Tax (HIT) contained in Section 9010 of the Patient Protection and Affordable Care Act (PPACA). 

ABC is joining more than 30 other organizations as part of the Stop the HIT Coalition to support the Jobs and Premium Protection Act (S. 1880), introduced Nov. 16 in the U.S. Senate, which would repeal the Health Insurance Tax (HIT) contained in Section 9010 of the Patient Protection and Affordable Care Act (PPACA). 

The Internal Revenue Service (IRS) in January offered additional guidance on a provision in the Patient Protection and Affordable Care Act that will require employers to report the cost of coverage under an employer-sponsored group health plan on each employee’s W-2 form.