Small Businesses
“Small businesses are the engine of our economy, helping to drive innovative economic growth and create good-paying jobs. Promoting entrepreneurship and supporting small businesses is a top priority of mine, and I will continue to work across party lines to build a stronger workforce and give small businesses the support that they need to succeed.” – Senator Hassan
Senator Hassan, as a member of the Senate Finance Committee, is working to ensure that small businesses and innovative entrepreneurs have the support that they need to get ahead and stay ahead.
To encourage the development of more small businesses, the first bill Senator Hassan introduced in the United States Senate was the Reigniting Opportunity for Innovators (ROI) Act, which would provide student loan debt relief for entrepreneurs to help them start up and grow innovative small businesses.
In the 21st century innovation economy, access to high-speed internet is a necessity, and Senator Hassan has been a leader in working to expand broadband infrastructure, especially in New Hampshire’s rural and underserved areas. Senator Hassan supports the Save the Internet Act, which would keep the internet open and free by restoring critical net neutrality protections, and she cosponsored bipartisan legislation – that is now law – to provide small businesses with resources to help protect their digital assets from cybersecurity threats.
Senator Hassan strongly opposes the Supreme Court’s backward ruling in South Dakota v. Wayfair Inc., which requires New Hampshire businesses to collect internet sales taxes for other states and creates burdensome red tape for Granite State businesses. Senator Hassan supports completely overturning the Wayfair decision. In the meantime, she has led efforts to lessen the impact of the decision on small businesses.
In an effort to make it easier for small business to offer retirement plans for their employees, Senator Hassan joined in introducing the bipartisan Retirement Security Act to remove barriers that often keep small businesses from being able to offer retirement plans for their employees.
New Hampshire’s craft breweries increasingly help drive the state’s economic growth. To support this important industry, Senator Hassan has championed bipartisan legislation to lower the federal excise tax on the brewing industry and streamline outdated federal regulations for brewing, winemaking, and distilling.
Senator Hassan will continue to focus on critical economic priorities for New Hampshire’s small businesses that foster innovation and expand opportunity for hard-working families across the Granite State.
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Related News
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January 16, 2020
Senator Hassan Applauds Passage of U.S.-Mexico-Canada Agreement
WASHINGTON - Senator Maggie Hassan today voted to send bipartisan legislation implementing the U.S.-Mexico-Canada Agreement (USMCA) to the President for his signature. As a member of the Senate Finance Committee, Senator Hassan helped to advance the bill, citing feedback from New Hampshire businesses and workers, as well as improved labor and enforcement standards. The deal is also supported by key New Hampshire business leaders.
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January 14, 2020
Senator Hassan Highlights Recent Extension of Craft Beer Tax Cuts at Rockingham Brewing Company in Derry
DERRY - In case you missed it, Senator Maggie Hassan highlighted the recent extension of the craft beverage tax cuts that help support local breweries during a visit to Rockingham Brewing Company yesterday. The Senator discussed her efforts to extend the craft beverage tax cut in the government funding bill for fiscal year 2020 – which is now law – and reaffirmed her commitment to making these tax cuts permanent. The Senator is a cosponsor of the bipartisan Craft Beverage Modernization and Tax Reform Act – a bill that would permanently extend the reduction in excise taxes for craft breweries, while also cutting red tape and streamlining outdated, burdensome federal regulations that hold businesses back.
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January 06, 2020
Senator Hassan Announces Support for US-Mexico-Canada Agreement
WASHINGTON - Citing improved labor and enforcement standards, as well as feedback from New Hampshire businesses and workers, U.S. Senator Maggie Hassan said today that she will support the US-Mexico-Canada Agreement when the Senate Finance Committee, on which she serves, considers the trade agreement tomorrow.
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December 19, 2019
Government Funding Legislation with Key New Hampshire Priorities Heading to President’s Desk
WASHINGTON - Senator Maggie Hassan issued the following statements after the Senate passed bipartisan government funding legislation. The package, which also includes key bills and tax fixes that the Senator has worked on, already passed the U.S. House of Representatives and will now head to the President’s desk for a signature.
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August 28, 2019
Hassan Highlights Impact of Wayfair Decision During U.S. Senate Hearing in Concord on Impact of Online Sales Tax Collection Requirement on NH Small Businesses
( Today, Senator Maggie Hassan highlighted the impact of the backwards Supreme Court Wayfair decision on small businesses during a field hearing on the internet sales tax collection requirement in Concord. Senator Jeanne Shaheen (D-NH), a senior member of the Senate Committee on Small Business and Entrepreneurship, hosted the event. The recent Supreme Court ruling in South Dakota v. Wayfair, Inc. determined that states with a sales tax are now allowed to collect sales tax from out-of-state businesses, including those in states without a sales tax, such as New Hampshire. Shaheen heard from representatives from Littleton Coin, TradePort, Alpenglow Benefit Auctions and Lupine Pet about the impact of this burdensome requirement on New Hampshire businesses, which are now forced to navigate additional red tape and incur new costs to meet this obligation.
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August 20, 2019
Senator Hassan’s Bipartisan R&D Tax Credit Bill Gains Support From Entrepreneurship and Innovation Leaders
WASHINGTON - Senator Maggie Hassan’s bipartisan legislation to expand the refundable research and development (R&D) tax credit for startups and small businesses has gained support among entrepreneurship and innovation leaders. Senator Hassan announced the bill during a visit to Sunrise Labs in Bedford, New Hampshire, which develops products for startups and companies.
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August 07, 2019
Senator Hassan Visits Businesses in Keene and Gilsum, Discusses Impact of Administration’s Tariffs and Importance of Supporting Family-Friendly Policies
KEENE - Senator Maggie Hassan visited businesses in Keene and Gilsum yesterday, hearing about their priorities and discussing her bipartisan efforts to support innovation, expand economic opportunity, and help grow New Hampshire’s economy.
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