Access to Capital for Entrepreneurs Act of 2007

S349, HR 578, HR 976

Client expense: $20,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S 940, to permanently extend the subpart F exemption for active financing income HR 1509, to permanently extend the subpart F exemption for active financing income S 1726, Business Activity Tax Simplification Act, regulation of state taxation of interstate commerce Social Security Administration Consent Based Social Security Number Verification Process FY 2009 Budget Proposal, tax provisions, third-party reporting HR 578, Access to Capital for Entrepreneurs Act of 2007, tax credit for equity investments in small businesses S. 1273, Permanent Extension of CFC Look-thru Rule HR 3735, Five Year Extension of CFC Look-thru Rule HR 5267, Business Activity Tax Simplification Act, regulation of state taxation of interstate commerce HR 3221, the Foreclosure Prevention Act of 2008, proposal to require credit card companies to report to the IRS on reimbursement payments made to merchants HR 6275, the Alternative Minimum Tax Relief Act of 2008, proposal to require credit card companies to report to the IRS reimbursement payments made to merchants H.R. 6049, Renewable Energy and Job Creation Act of 2008, proposal to extend the active financing and look through exceptions from Subpart F S. 3125 Energy Independence and Tax Relief Act of 2008, proposal to extend the active financing and lookthrough exceptions from Subpart F H.R. 3359 Mobile Workforce State Income Tax Fairness and Simplification Act of 2007, issues involving non resident withholding S 3098 Alternative Minimum Tax and Extender Relief Act of 2008, proposal to extend the active financing and lookthrough exceptions from Subpart F

Client expense: $1,070,000 · Firm income: Not reported

Government targets: Executive Office of the President (EOP), Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Office of Thrift Supervision (OTS), Office of the Comptroller of the Currency (OCC), SENATE, Social Security Administration (SSA), Treasury, Dept of, U.S. Postal Service (USPS)

S349, HR 578, HR 976

Client expense: $20,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 5140, Economic Growth Stimulus Package 2008; S. Con.Res.70/ H.Con.Res.312, FY09 Budget; 306, Improving Americas Health, S.Con.Res.70, Reserve Funds for Health Provisions under Sec. 306; S. 2612; S. 1256, Small Business Lending Reauthorization and Improvements Act of 2007; S. 1214, Invest in Small Business Act of 2007; H.R. 578, the Access to Capital for Entrepreneurs (ACE) Act of 2007; H.R. 2803, Angels Nurture Growing Entrepreneurs into Long-term Successes (ANGELS) Act; The Small Business Lending Programs; SBA Proposed Rule for Implementation of Womens Procurement Program, P.L. 106 -554; S. 2608, the Small Business Womens Procurement Program Improvement Act; S. 2300, The Small Business Contracting Revitalization Act of 2007; H.R. 1873, the Fairness in Contracting Act of 2007; H.R. 5719, Delay of 3% Withholding Tax until 2012: Section 511 of the Tax Code; Permanent Repeal of Section 511 of the Tax Increase Prevention and Reconciliation Act of 2005 (P.L. 109-222)- H.R. 1023/S.777; H.R. 3660, Equity for Our Nations Self Employed Act; P.L. 110-140 Energy Independence and Security Act of 2007; H.R. 3678, Internet Tax Moratorium; P.L. 110-28; S. 1010/ H.R. 2205, the Retirement Security for Life Act

Client expense: Not reported · Firm income: $30,000

S 940, to permanently extend the subpart F exemption for active financing income HR 1509, to permanently extend the subpart F exemption for active financing income S 1726, Business Activity Tax Simplification Act, regulation of state taxation of interstate commerce Social Security Administration Consent Based Social Security Number Verification Process FY 2009 Budget Proposal, tax provisions, third-party reporting HR 578, Access to Capital for Entrepreneurs Act of 2007, tax credit for equity investments in small businesses S. 1273, Permanent Extension of CFC Look-thru Rule HR 3735, Five Year Extension of CFC Look-thru Rule HR 5267, Business Activity Tax Simplification Act, regulation of state taxation of interstate commerce

Client expense: $770,000 · Firm income: Not reported

Government targets: Executive Office of the President (EOP), Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Social Security Administration (SSA), Treasury, Dept of, U.S. Postal Service (USPS)

S 940, to permanently extend the subpart F exemption for active financing income HR 1509, to permanently extend the subpart F exemption for active financing income S 1726, Business Activity Tax Simplification Act, regulation of state taxation of interstate commerce Social Security Administration Consent Based Social Security Number Verification Process FY 2009 Budget Proposal, tax provisions, third-party reporting HR 578, Access to Capital for Entrepreneurs Act of 2007, tax credit for equity investments in small businesses S. 1273, Permanent Extension of CFC Look-thru Rule HR 3735, Five Year Extension of CFC Look-thru Rule HR 5267, Business Activity Tax Simplification Act, regulation of state taxation of interstate commerce

Client expense: $770,000 · Firm income: Not reported

Government targets: Executive Office of the President (EOP), Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Social Security Administration (SSA), Treasury, Dept of, U.S. Postal Service (USPS)

S. 349, H.R. 578, H.R. 976

Client expense: $100,000 · Firm income: Not reported

S. 349, HR 578, HR 976

Client expense: $100,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Healthcare reform for small businesses: healthcare provisions; SCHIP; H.R. 380- Drug Importation Act; Budget Amendment on Healthcare Reserve Fund; Healthcare Tax Credit on small business who provide coverage. 7(a) loan program and other access to capital programs for small businesses: S. 1214 - Invest in Small Business Act of 2007; H.R. 578 -the Access to Capital for Entrepreneurs (ACE) Act of 2007; H.R. 2803-Angels Nurture Growing Entrepreneurs into Long-term Successes (ANGELS) Act.

Client expense: Not reported · Firm income: $60,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Small Business Administration (SBA)

H.R. 578 - The Access to Capital for Entrepreneurs Act H.R. 720 - Water Quality Financing Act of 2007 H.R. 800 - Employee Free Choice Act H.R. 976 -The Small Business Tax Relief Act of 2007 H.R. 989 - The Innocent Sellers Fairness Act H.R.1023 - The Withholding Tax Relief Act H.R. 1474 - The Fair and Speedy Treatment (FAST) of Medicare Prescription Drug Claims Act of 2007 H.R. 1542 - Healthy Family Act H.R. 1585 - National Defense Authorization Act for Fiscal Year 2008 H.R. 1586 - Death Tax Repeal Act of 2007 H.R. 1797 - Small Business Expensing Expansion and Permanency Act of 2007 H.R. 1873 - The Small Business Fairness in Contracting Act H.R. 1952 – The National Health Information Incentive Act of 2007 H.R. 2183 - The “Commonsense Consumption Act of 2007 H.R. 2409 - Child Care Public-Private Partnership Act of 2007 H.R. 2419 - Farm Bill Extension Act of 2007 H.R. 2359 - The Small Business Administration Entrepreneurial Development Programs Act of 2007 H.R. 2694 - Motor Vehicle Right to Repair Act H.R. 2831 - “Ledbetter” Fair Pay Act of 2007 H.R. 2639 - Promoting Health for Future Generations Act of 2007 H.R. 3053 - The Private Property Rights Protection Act S. 1 - Legislative Transparency and Accountability Amendment Act of 2007 S. 4 - Advance Democracy Act of 2007 S. 9 - Comprehensive Immigration Reform Act of 2007 S. 242 - Pharmaceutical Market Access and Drug Safety Act of 2007 S. 349 - Small Business and Work Opportunity Act of 2007 S. 358 - Genetics Information Nondiscrimination Act S.1041- Employee Free Choice Act S. 1348 - Comprehenstive Immigration Reform Act of 2007 S. 1639 - Unaccompanied Alien Child Protection Act of 2007 S. Con. Res. 21 - Conference Report on FY 2008 Budget Resolution Executive Order 13422- Financial Services and General Government Appropriation Act, 2008 H.R. 2 - Fair Minimum Wage Act of 2007 H.R. 41-The Business Checking Fairness Act of 2007 H.R. 380 - Pharmaceutical Market Access and Drug Safety Act of 2007 H.R. 493 - Genetics Information Nondiscrimination Act

Workplace Regulation Legislation/Issues (continued) H.R. 800 "Employee Free Choice Act" -- Opposed Family and Medical Leave Act Modifications -- Support Paid Sick Leave Mandate -- Oppose "The Lily Ledbetter Act" -- Opposed Immigration Reform -- General support of efforts that comprehensively reform the system, and provide for a structured temporary worker program. Expressed concern regarding efforts that impose excessive regulatory, paperwork and penalty burdens on small business owners. Opposed Bingaman Amend. in S.1348, which would have eviscerated the proposed temporary worker program. Tax Reform/Relief Voiced Support for making permanent pro-entrepreneur tax relief measures in previous tax bills signed by President Bush. Expressed support for Alternative Minimum Tax repeal legislation, including a bill introduced by Senators Grassley and Baucus. Voiced support for repeal of 3 percent withholding mandate on government contractors. Voiced opposition to H.R. 2834, which would raise taxes on carried interest for partners in investment service partnerships. Voiced opposition to FET increase on cigarettes, which would harm small retailers while not producing sufficient revenues to pay for children's health care program expansion. Independent Contractor Reform, expressed support both in written testimony and letters for modernizing the antiquated twenty-point test. Expressed concern regarding various tax changes to close the "tax gap"-- both regulatory changes that would place new burdens on small businesses, and policy changes that would raise taxes on business. Supported bipartisan legislation to make the current moratorium on Internet taxes permanent. Expressed opposition for tax increases in energy legislation. Expressed opposition to new user fees on small airplance owners and customers as part of FAA reauthorization. Voiced support for H.R. 578, "ACE Act" to improve the capital access climate for entrepreneurs. Voiced support for H.R. 126, a bill to index for inflation the cost basis for assets for the purpose of paying capital gains. Supported: Death tax repeal, Section 179 expensing extension and permanency; capital gains, dividend and personal income tax rate permanency; and general efforts to make the tax system more fair, flat and globally competitive. Regulation Expressed concern regarding regulation of the electronic payments system, or price controls on interchange fees. Expressed support for extending the Sarbanes Oxley, Section 404 filing deadline for an additional year. Provided comments to SEC on their "interpretive guidance" for making SOX, Section 404 compliance more "small business friendly." Expressed support for maintaining a pro-investment, pro-innovation approach towards the Internet and opposition to efforts to pre-regulate the Internet through efforts such as "net neutrality." Expressed opposition to forcing higher CAFE standards, and mandating portfolios for renewable energy. Expressed support for "Broadcaster Freedom", and legislation that would disallow FCC from implementing "fairness doctrine." Urged IRS and Treasury to review 409A regulatory proposal to make it more small business friendly. Health Care Continued to support efforts to make the health care system more affordable and competitive, including: HSA Improvements and Expansion Small Business Health Pools Tax Equity for the Self-employed Cross-border purchasing of health insurance. Trade: Voiced support for extension of Trade Promotion Authority for the President. Workplace Regulation Issues, including: Minimum Wage Increase: Opposed to H.R. 2; supported tax relief measures in related wage increase legislation Opposed all tax increase items in the legislation to pay for relief "offsets." Supported Senate Amend. #55, health care reform measures such as HSA expansion, and nationwide marketplace for health insurance.

FY 2008 Budget Proposal, tax provisions, third-party reporting HR 578, Access to Capital for Entrepreneurs Act of 2007, tax credit for equity investments in small businesses S 940, to permanently extend the subpart F exemption for active financing income HR 1509, to permanently extend the subpart F exemption for active financing income S 1726, Business Activity Tax Simplification Act, regulation of state taxation of interstate commerce Social Security Administration Consent Based Social Security Number Verification Process

Client expense: $1,320,000 · Firm income: Not reported