Congressman Ron Paul Co-sponsors S Corp Bill

Congressman Ron Paul, [TX-14]

Recently Congressman Ron Paul [TX-14],  joined Congressmen Bobby Schilling [IL-17] and Danny Davis [IL-7] in co-sponsoring HR 2592; the Charitable Contribution Parity & Enhancement Act.  Aaron Schock [IL-18], is the bill's sponsor.

We're pleased that Congressman Paul is getting behind a bill that extends enhanced tax benefits to S Corporations and other small businesses when they donate excess, discontinued inventory to charities.  From a tax standpoint, if passed, HR 2592 would level the playing field for smaller businesses in that they would realize the same tax benefits that C Corporations already enjoy on product donations to nonprofits, schools and church organizations - product that might otherwise wind up in landfills.

On becoming aware of the Congressman's decision, Gary C. Smith, NAEIR's President & CEO said  "Over the course of his longtime service on Capital Hill, Congressman Paul has consistently championed the nation's entrepreneurial spirit as embodied in our vital small business community.  In addition, he has routinely heralded the importance of charitable organizations across the country as effective and efficient providers of much needed social services and materials to our country's struggling communities."

It's not surprising then, that Congressman Ron Paul would choose to co-sponsor the Charitable Contribution Parity & Enhancement Act.  The benefits nationally to small business and the charitable community that would result from passage of the bill are clearly in line with Congressman Paul's deeply held principles.

Thank you Congressman and welcome aboard!