Florida Chamber backs Vern Buchanan startup tax relief bill

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U.S. Rep. Vern Buchanan is announcing the Florida Chamber of Commerce is endorsing his bill seeking to make it easier and less costly for entrepreneurs to start a new business.

The Sarasota Republican’s “Support Our Start-Ups Act” seeks a fourfold increase in startup costs small-business owners can deduct from their federal income taxes, raising it from $5,000 to $20,000.