(Washington, DC)  – Congressman Charles W. Boustany, Jr., M.D. (R-South Louisiana), released the following statement after the House of Representatives voted to pass the Small Business Tax Cut Act of 2012, legislation providing a 20% tax deduction for small businesses with fewer than 500 employees:

“This is valuable legislation to reduce the tax burden on Louisiana small businesses that employ our friends, families and neighbors. I will continue to support similar legislation to foster a pro-growth environment for small businesses in South Louisiana while encouraging entrepreneurship and innovation.” 

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As the backbone of our nation’s economy, small businesses drive American job creation and economic growth. The Small Business Tax Cut Act of 2012 provides tax relief to these critically important economic engines enabling them to hire more workers and invest capital toward expanding their enterprises.