The Big Story: House advances tax package with pro-startup provisions. A House committee advanced multiple tax bills this week that include several startup priorities. Legislation passed by Republicans on the House Ways and Means Committee includes two bills—the Small Business Jobs Act and the Build It in America Act—that would fix R&D expensing, create startup investment incentives, and fix reporting threshold. While the entire package faces uncertainty in the Democrat-controlled Senate, several provisions—including startup priorities like R&D expensing— have bipartisan support.