Cutting regulations and taxes are on Rep. Steve Chabot's must-do list for small businesses.
The Ohio Republican, who became chairman of the House Small Business Committee when Congress took office last week, plans to continue the committee's focus on how the government burdens small companies.
"If there's one thing government can do for small business it's to get the heck off their backs," Chabot says. "We do over-regulate them. We do overtax them."
His priorities
Chabot plans to hold hearings to advocate for small businesses, as did his predecessor Sam Graves, R-Mo. Chabot says the committee will focus on the health care law and regulations issued by the IRS and the Environmental Protection Agency.
Chabot also plans to push for tax relief for small businesses. He noted that when the Republican-led House passed tax bills in the past, the legislation stalled in the Democratic-led Senate. He's looking for more progress in a Congress now controlled by the GOP.
"We think we have a much better chance at advancing a whole range of tax reform issues," Chabot says.
Among them: a drop in personal tax rates, as well as corporate rates and a permanent increase in tax deductions on equipment and property purchases. Chabot also wants an end to the estate tax, which has forced some families to sell a business when the owner dies because they don't have enough cash to pay the government.
But he doesn't expect Republicans to get a free ride. Democrats have enough seats in the Senate to block legislation. And President Obama has made it clear he'll continue to use executive orders to make policy changes like one he issued last year to shield about 4 million immigrants from deportation.