PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Tax Cuts and Jobs Act, H.R. 1: A KEY VOTE FOR ENTREPRENEURS AND SMALL BUSINESSES

By at 16 November, 2017, 11:12 am

FOR IMMEDIATE RELEASE

Washington, D.C. – The U.S. House of Representatives is poised to advance H.R. 1, the “Tax Cuts and Jobs Act,” and the Small Business & Entrepreneurship Council (SBE Council) has alerted all Members that the organization will Key Vote the legislation for its “Ratings of the 115th Congress.”  The U.S. House is expected to vote on the historic legislation today.

As communicated by the letter from SBE Council president & CEO Karen Kerrigan:

“A vote in favor of H.R. 1 is a vote for strong economic growth, entrepreneurship, and healthy investment.  This important legislation will boost the competitiveness and sustainability of small businesses across the United States.”

Click here for a PDF copy of letter.

The letter emphasizes the importance of H.R. 1 to boosting economic growth and new business creation:

“H.R. 1 is critical to fueling the optimism of entrepreneurs and the capital they need to expand their businesses.  In addition, the strong pro-growth attributes of H.R. 1 will bolster the confidence of Americans to launch new businesses. Our gap analysis research finds there are 3.4 million “missing businesses” in the United States due to the dearth in entrepreneurial activity over the past decade.  A strong economy and sustained growth will improve the conditions necessary for people to take risks – both for launching new businesses and investing in these startups.”

Finally, as noted within the letter, November is National Entrepreneurship Monthand passage of H.R. 1 would be a meaningful and important action by the U.S. House to enhance opportunity and support the entrepreneurial pursuits of Americans:

“There is no better opportunity for the U.S. House to honor small businesses and entrepreneurs, and America’s heritage of supporting our risk-takers and innovators, than to pass tax relief and reform.”

Related content:
Tax Reform and Boosting U.S. Entrepreneurship: The Time Has Arrived

Fighting for pro-growth tax changes during Global Entrepreneurship Week and National Entrepreneurship Month

CONTACT:
Karen Kerrigan, kkerrigan@sbecouncil.org, 703-242-5840
Raymond Keating, Chief Economist, rkeating@sbecouncil.org, 631-909-1122

SBE Council is a nonpartisan, nonprofit advocacy, research and education organization that works to protect small business and promote entrepreneurship. For nearly 25 years SBE Council has worked to successfully implement a range of policy and private sector initiatives to strengthen the ecosystem for startups and small business growth. To learn more, visit SBE Council’s website: www.sbecouncil.org. Follow on Twitter: @SBECouncil

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