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U.S. small business lobby throws support behind House Republican tax bill

Reuters  |  WASHINGTON 

(Reuters) - The National Federation of Independent Business, a powerful lobbying group for U.S. small businesses, on Thursday threw its support behind a Republican reform bill in the U.S. House of Representatives after a key lawmaker proposed changes.

"We are very grateful to Chairman Brady for listening to our concerns and working with NFIB to ensure that reform benefits the greatest possible number of American small business owners," NFIB President Juanita Duggan said in a statement, referring to Representative Kevin Brady, who heads the House tax-writing panel.

Earlier, Brady released an amendment to his own bill that would reduce the rate on the business income of small business owners.

(Reporting by Kevin Drawbaugh; Writing by Tim Ahmann; Editing by David Gregorio)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, November 10 2017. 01:30 IST