ASTA today praised U.S. Rep. Hank Johnson (D-GA) for introducing H.R. 4032, the Help Entrepreneurs Create American Jobs Act of 2012, which would amend the Internal Revenue Service Code of 1986 and increase the tax cut for start-up businesses in their first year of operation. The bill, which was cosponsored by Reps. John Lewis (D-GA), Jim McDermott (D-WA), Gerry Connolly (D-VA), Eleanor Holmes Norton (D-DC), Ed Towns (D-NY), Gary Peters (D-MI), Barbara Lee (D-CA), Tim Ryan (D-OH) and John Conyers (D-MI), would permanently double the deduction a new business can take for start-up expenses from $5,000 to $10,000.

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