Political Quotes

“this is Small Business Week, a time to celebrate the entrepreneurs and innovators of our communities, the farmers and ranchers, the sons and daughters carrying on the family business. These hard-working Americans are the backbone of our economy and a sign that the American dream is alive and working. Small business is a big deal, and the Trump administration and Republicans in Congress are working hard to deliver for American small business owners. One of our top priorities this year is making the 2017 Tax Cuts and Jobs Act permanent. TCJA did a lot for small businesses. Lower tax rates, the 199A small business deduction, and bonus depreciation and other investment incentives lowered small businesses' tax burden and encouraged them to invest in themselves, hire more workers, and, in turn, grow our economy. And that is what happened. After the Tax Cuts and Jobs Act passed, we saw businesses buy new equipment. They hired new workers. Paychecks got bigger. It was good for small business and good for American workers, and it led to a very strong economy before the pandemic. But many of the law's provisions are expiring at the end of this year, and if we don't extend the Tax Cuts and Jobs Act, small businesses will face a $600 billion tax hike in 2026. Republicans do not intend to let that happen, but we don't just want to extend the TCJA's provisions.…”