Kevin Brady: “America's startup companies are a driving force behind our Nation's dynamic and prosperous free enterprise system. Over…”

“America's startup companies are a driving force behind our Nation's dynamic and prosperous free enterprise system. Over the past century, bold, innovative Americans have taken risks and started businesses of all sizes that deliver opportunity for millions of middle class families and workers. We should do everything we can to help America's startups attract the talented, hardworking employees they need to put their breakthrough ideas into motion. One of the best things we can do is ensure that our Tax Code supports American innovators. Our Tax Code must support--not suppress--innovation, entrepreneurship, and economic freedom. Today, I am honored to speak in support of legislation to do just that, Congressman Erik Paulsen's Empowering Employees through Stock Ownership Act. {time} 1315 This bipartisan, bicameral legislation takes action to keep America at the forefront of innovation by supporting startups and the workers who help them thrive. Right now many startup companies offer their workers stock options as a portion of their compensation. This helps startups attract top talent because they may not have the money to pay high salaries offered by larger businesses. The problem is, many startup workers can't exercise their stock options because they don't make enough to afford the associated tax payment.…”