Subscribe to Entrepreneur for $5

Package Deal

Combining homebased business issues could give bills a winning edge.

This story appears in the June 1997 issue of Entrepreneur. Subscribe »

Developing bipartisan support for legislation on Capitol Hill is like watching an ant move a crumb sometimes the going is smooth, and other times even a breeze is a major obstacle. Proponents of two new Congressional bills dealing with homebased business know there's a lot of consensus building ahead, and they hope for smooth sailing.

The Home-Based Business Fairness Act of 1997 (S.460) was introduced in the Senate by Sen. Christopher "Kit" Bond (R-MO), chairman of the Senate Small Business Committee, and Sen. Olympia Snowe (R-ME). An identical bill, HR1145, was sponsored in the House by Rep. Jim Talent (R-MO), chairman of the House Small Business Committee, and Rep. Jo Ann Emerson (R-MO). Both bills tackle three major issues confronting homebased business: They make health insurance premiums 100 percent deductible, restore the home-office deduction, and provide protection against retroactive reclassification of independent contractors. Bundling these three issues makes the bills attractive to supporters, says Kenneth Bricker of the Senate Small Business Committee.

Memorial Day Subscription Sale- Unlock this subscriber exclusive article and more for 20% off today.

Access all Entrepreneur content with no ads, unlock discounts, and get exclusive advice only available to our subscribers. Plus, our magazine delivered straight to your door.

Get a year subscription today for 20% off. Just use code SAVE20 at checkout.

Entrepreneur Editors' Picks