Chris Pappas: “I have heard of a statistic that there are over 14 million home-based businesses in our country today. Of those that are…”

“I have heard of a statistic that there are over 14 million home-based businesses in our country today. Of those that are starting, those people that are starting businesses, new businesses, over 70 percent of them are women. There are many families, whether they are single-parent families or two-parent families, that would find a home office deduction being helpful to them to assist them in raising their children, saving the expense, or not having to have the expense of day care, which would again give them greater flexibility. I think all of those things are critically important. I look forward to working with the gentleman and the other members on his committee to move legislation such as this, but I think it is absolutely critical for our country to have permanent, across-the-board tax relief, capital gains tax reduction, not estate tax but it is really a death tax. There are so many family-owned farms in my district and small businesses where there are people, men and women, who have worked their lives to be able to pass that business or that farm on to their children and just face the likelihood that that will not take place because of the tax bill that their kids would see. I view it as a family-friendly measure.”