On March 26, FSI President and CEO Dale Brown sent a letter to the U.S. House of Representatives Speaker John Boehner Democrat Leader Nancy Pelosi urging passage of the H.R. 9, The Small Business Tax Cut Act of 2012. H.R. 9 was authored and introduced by Rep. Eric Cantor (R-VA) on March 21. The bill will allow small businesses with fewer than 500 employees to take a tax deducation equal to 20% of their active business income, irrespective of how the small business is organized. The bill has been referred to the House Committee on Ways and Means. View the letter.