PGAMA Urges Congress to Consider Small Business Tax Reform

Printing company executive Steve Bearden has urged the House Small Business Committee to embrace a comprehensive tax reform policy that would seek to simplify tax rules in order to reduce the impact of tax costs and complexity on small businesses. Bearden is President and CEO of Linemark, a 27-year-old printing and graphic communications company that employs 92 workers in Upper Marlboro, Maryland. Also testifying at today’s hearing was House Ways & Means Committee Chairman Dave Camp (R-MI).

Mr. Bearden testified alongside other small business owners to discuss how Chairman Camp’s proposed tax policy changes would impact their respective businesses and industries. Specifically, Bearden stated support for making permanent higher section 179 expensing levels to spur capital investment and growth, simplifying and expanding the use of cash accounting for the smallest of printers, and he offered feedback on potential reform to the rules for printers organized as partnerships and S-corporations, among other viewpoints.

Bearden zeroed in on industry support for Congress making permanent section 179 expensing to allow Linemark and other small printers to deduct investments in new equipment, computer software, and property up to $250,000.