Republicans Side with Venture Capitalists and Ultra-Wealthy to Block Targeted Relief to Small Businesses

From Rep. Don Beyer (D-VA08)’s office:

Republicans Side with Venture Capitalists and Ultra-Wealthy to Block Targeted Relief to Small Businesses

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.

…guess this bill isn’t about small business tax cuts after all?

WATCH HERE

Find Congressman Beyer’s amendment HERE.