Small Business Competitiveness Act of 1987

[AI summary unavailable — showing source text] Small Business Competitiveness Act of 1987 - Title I: Small Business Tax Simplification - Amends the Internal Revenue Code to state that no employer shall be required to deposit before 15 days after the end of the month any taxes required to be deducted or withheld if the aggregate amount of such taxes during that month is $5,000 or less (currently $3,000). Provides for an inflation adjustment of this threshold amount. Applies the rulemaking provisions of the Administrative Procedure Act (and thereby the provisions of the Regulatory Flexibility Act), without regard to the exception for interpretative rules, to all rules and regulations prescribed by the Secretary of the Treasury with respect to the Internal Revenue Code. Title II: Health Insurance Equity - Amends the Internal Revenue Code to increase from 25 percent to 100 percent the amount of health insurance costs permitted as an income tax deduction for self-employed individuals. Title III: Fair Trade - Establishes in the Office of the U.S. Trade Representative (USTR) a Fair Trade Advocates Office (Office) to assist certain industries in: (1) preparing cases under the trade laws; (2) obtaining remedies and benefits under such l…