Tennessee Representative David Kustoff (R-TN-08) recently introduced the Small Business Taxpayer Bill of Rights Act of 2022 (H.R. 7033) that he says “strengthens taxpayer protections, prohibits improper IRS targeting of taxpayers, compensates taxpayers for IRS abuse, and lowers the compliance burden on taxpayers.”
“The Small Business Taxpayer Bill of Rights Act of 2022 will give small businesses the protections they need so they can focus on growing their business rather than dealing with burdensome @IRSnews requirements,” Rep. Kustoff wrote on Twitter, shortly after the announcement.
If passed and signed into law, the legislation would stiffen penalties and impose restrictions on Internal Revenue Service agents ability to investigate and extract monies from taxpayers. The bill also opens the door for tax liens to be forgiven or otherwise discharged due to economic hardships.
“I hear from countless small business owners throughout West Tennessee that current IRS regulations impose burdensome and costly requirements on them and their business during filing season,” Rep. Kustoff said in a statement. “Small businesses should be spending their time creating jobs and boosting the local economy and less time dealing with IRS tax policies. The Small Business Taxpayer Bill of Rights Act of 2022, will give small businesses the protection they need to focus on growing their business and creating opportunity.”
Grover Norquist, president of Americans for Tax Reform, said he supports the measure. “The Small Business Taxpayer Bill of Rights Act implements numerous reforms to the IRS so that small business owners are treated fairly and protected from IRS harassment and overreach. This will ensure small businesses can focus on creating jobs and growing the economy and less time dealing with government bureaucrats and burdensome regulations.”
After its introduction, the bill was referred to the powerful House Ways and Means Committee, currently chaired by Massachusetts Democrat Richard Neal (D-MA-01). The Committee’s membership includes 25 Democrats and 18 Republicans. The proposal was also referred to the House Oversight and Reform Committee, chaired by New York Democrat Carolyn Maloney (D-NY-12).
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Kaitlin Housler is a reporter at The Tennessee Star and The Star News Network.
Photo “David Kustoff” by U.S. House Office of Photography. Background Photo “Tennessee State Capitol” by Andre Porter. CC BY-SA 3.0.
