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Moore also introduces Small Business Growth Act, proposes higher Section 179 expensing threshold
Summary
Congressman Blake Moore introduced the Small Business Growth Act alongside the Family First Act; speakers at the event said increasing the Section 179 expensing threshold would encourage equipment investment by small businesses but the new threshold was not specified.
Congressman Blake Moore said he introduced the Small Business Growth Act to help small businesses acquire equipment by increasing the Section 179 expensing threshold.
Moore described the bill as intended to “support small business growth by helping small businesses obtain equipment necessary to buy their operations.” He framed higher expensing limits as a way to spur private investment and boost competitiveness.
Miss Gallagher, a meeting participant, responded: “I can certainly agree with it 100% that that is an incentive to investment.” Miss Silver, who spoke as a business owner at the event, said increasing the Section 179 threshold “would help us tremendously with planning and drive investment, which makes us more competitive and gets us gets our customers what they need.”
Moore referenced the existing Section 179 threshold by saying, "instead of a $1,000,000, it's gonna increase to the x number of dollars," and the transcript does not supply the new dollar amount. He also argued that enabling more investment by one business can increase economic activity and tax revenue from suppliers.
The transcript records the bill’s introduction and attendee remarks; there was no formal vote or details on implementation or effective dates in the recorded remarks.
