PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Keating in The Hill: Tax Reform Needs to Get Done

By at 1 August, 2017, 10:42 am

An August 1 Op-Ed by SBE Council chief economist Ray Keating in The Hill implored Congress and President Trump to “get tax reform done.”  Indeed, reforming the nation’s tax system is a top concern and priority for small businesses, and America’s burdensome, noncompetitive and complex tax system has taken its toll on our economy by discouraging entrepreneurship and small business growth. As noted by Keating in the Op-Ed:

Given current tax burdens, along with assorted regulatory woes, it should surprise no one that SBE Council estimated in a recent analysis that there are some 3.4 million missing businesses in our economy, and that our economy has suffered a dearth in economic growthinvestmentproductivity, and job creation.

Just recently, the Small Business and Entrepreneurship Council sent a letter to Congress signed by over 50 small businesses across the country, that demonstrated the importance of broad tax reform to help spur small business growth and competitiveness. Indeed, lowering rates for all, vastly simplifying the system, and encouraging capital investment is vital to U.S. competitiveness and leadership in the global economy.

The White House blog – West Wing Reads – also featured the Op-ed in its “must reads” and “the best stories the West Wing is reading.”

Read Keating’s full piece here.

 

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