Earlier this week, Rep. Mike Kelly, R-16th, and other members of the House Ways and Means Committee, introduced legislation to expand tax incentives called the American Innovation Act.

The act would aim to remove some of the initial barriers to creating a business, leaving more money to the country’s entrepreneurs.

It would quadruple the amount of startup costs small business owners can deduct from their federal income taxes, raising it from $5,000 to $20,000.

The bill would also increase the threshold for deductions from $50,000 to $120,000 for startup expenditures like advertising, employees’ salaries and benefits, and rent and utilities for new office space.