Senator Hutchinson is among a group of state legislators named “Guardians of Small Business” by the National Federation of Independent Business. The group includes those lawmakers who voted favorably on key small-business issues at least 75 percent of the time. Senator Hutchinson was in a special class of legislators who supported small business initiatives 100 percent of the time. The key issues include health care, legal reform, private property rights, competition and a variety of tax measures.
“Small-business owners pay close attention to how their lawmakers vote,” said NFIB’s Legislative Director Neal Lesher. “While many lawmakers claim to support small business, the NFIB voting record proves that these lawmakers were true and consistent advocates for small business. When Mom-and-Pop companies succeed it will lead to a stronger Pennsylvania economy and more jobs.”
Senator Hutchinson said he appreciated the recognition.
“This is truly an honor to receive this award from the NFIB,” Senator Hutchinson said. “Small businesses are the backbone of our communities and they are the keystones of the Keystone State. The vast majority of Pennsylvania’s businesses have less than 100 employees. We must remember small companies as we work to make Pennsylvania a better place to do business. They are the key to real economic revitalization and job growth in the Commonwealth.”
Senator Hutchinson is the prime sponsor of Senate Bill 1418, legislation to increase the cap on the annual deduction for capital expenditures to $100,000 for state tax purposes. Pennsylvania currently caps that deduction at $25,000 per year. Senator Hutchinson’s measure is part of a three-bill legislative package to assist Pennsylvania’s small businesses.
“This is not a major jump, especially when you take into account the potential costs facing the small business as it looks to modernize or grow,” Senator Hutchinson said. “However, it may be small measure of financial relief that will encourage a small business owner to move forward, to make that important investment that ultimately means the difference between prosperity and shuttering the shop.”