BCS Chamber seeks tax relief for small business

WASHINGTON, D.C. (KBTX) - "You start to get to the point where you're only getting 40 percent, 40 cents on the dollar," said Michael Schaefer.

Schaefer runs a home-building business, Schaefer Custom Homes, and employs just five people. It's a small College Station business that Schaefer says comes with a big tax burden.

"It gets to be to the point of, 'Do I even want to go to that next level?'" said Schaefer.

Schaefer joined the Bryan/College Station Chamber of Commerce delegation to Washington, D.C. to ask lawmakers to simplify the tax process and decrease the tax rates.

Senator Ted Cruz (R-TX) agrees, and says the effects would go even further.

"We want jobs," said Sen. Cruz. "We want more jobs. We want higher wages. The way you get them is really two things: tax reform and regulatory reform."

The Chamber has the same message.

"We're not saying do away with all regulation or the agencies that do it," said John Anderson, who works for Merrill Lynch and was also a Chamber delegate in D.C. "What we are saying is, 'Let's have a little common sense.' Would that be possible, to have a little common sense in the government?"

Schaefer says, maybe so.

"It's not something that's going to get solved maybe this week," said Schaefer. "But it's something that I feel like in 2017 we have a light of hope at the end of the tunnel that we're going to get some relief."

The Chamber is also asking for a change that would let businesses write off investments on their taxes right away, instead of over several years.