PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

ICYMI – Entrepreneurs Visit U.S. Senate: The Time for Small Business Tax Relief is Now

By at 1 December, 2017, 1:22 pm

More Growth, Capital, Entrepreneurship, Opportunity

Washington, D.C. – On November 29, the Small Business & Entrepreneurship Council (SBE Council) hosted an event on Capitol Hill with more than 100 small business owners.  These entrepreneurs from Wisconsin, Tennessee, Maine, West Virginia, Kentucky and other states, met with their U.S. Senators to urge passage of the Tax Cuts and Jobs Act.

They also joined SBA Administrator Linda McMahon, Senate Majority Leader Mitch McConnell (R-KY), and Senators Roy Blunt (R-MO), Shelley Moore Capito (R-WV) and Roger Wicker (R-MS) at a press event in the Senate Finance Committee hearing room, where several small business owners made statements about the importance of tax reform to their business.  The general manager of Home Depot in Washington, DC also joined the press event to discuss how tax relief will benefit the small business contractors who regularly visit his store.

Watch the 17 minute video below (click on the photo), which includes brief statements, as well as Q&A from the media:

KEY QUOTES:

“As a small business owner in rural America… when I look at tax reform I see two things. The tax cuts are wonderful…[they’re] going to allow me to invest in new equipment …But I want to touch on something that might be a little more personal…The tax simplification in this reform is what excites me. Because every hour I don’t have to waste dealing with that is an hour at home with my daughters. It’s an hour at church, serving in my youth group…. We spend billions of dollars, we spend thousands or hundreds of thousands of man-hours, woman-hours, dealing with this compliance issue and it’s wasteful. It’s silly.” – Alan Kleck, president of Somerset Recyling

“My name is Matt Fischer, and with my father we run two small hobby-shops and we employ seven people across our two shops, not counting our family…Like the vast majority of small businesses, Your Hobby Place believes that tax reform is vital to the future of our company and the economy as a whole. For too long the kinds of businesses that line our Main Streets and create good, local jobs have suffered under a tax code built for a previous generation of businesses. For this generation of businesses, this is the best opportunity to see badly needed reforms… We’ve experienced all these challenges at Your Hobby Place, and under pro-growth tax reform we can create more jobs, adding employees that will allow us to move on future plans of expansion and community outreachThe time to pass pro-growth tax reform is now.” – Matt Fischer, Your Hobby Place

“…I think about the associates at my particular store and the small contractors that shop in my store, which is a significant part of our business, and how this bill is going to impact them and make their jobs a lot easier in the sense of being able to add additional equipmentbeing able to grow their business, do all of these other different things that I think [are] critical to our economy and as well for America.” – Chico Evans, general manager, DC Area Home Depot 

“If you want to know what small business owners think, ask them. Without fail, each of them say to me tax cuts is one of the single biggest things you can give us to grow our business…we will take that money and reinvest it in our business, we’ll hire that next employee or employees, we’ll add the location, we’ll add equipment…we’re entrepreneurs, and our goal is to grow our business.” – Linda McMahon, Administrator, Small Business Administration

“The Tax Cuts and Jobs Act is a powerful, powerful bill that will fuel small business growth and entrepreneurship across America…the tax relief provided alone by the pass-through provision…that’s going to unleash $360 billion in capital that all of these small business owners need to invest in their firms, to grow their firms, to strengthen the wages of their workers and provide them with more benefits. We are urging every Senator to vote for this important piece of legislation. Growth is the big picture here…strong and sustainable growth will fuel the confidence and optimism that Americans and small business owners have right now.” – Karen Kerrigan, president & CEO, Small Business and Entrepreneurship Council    

The event was broadcast live on C-SPAN 2, and covered live by Fox Business, ABC and covered by 25 television, print and radio media outlets.

Tennessee Business Leaders Back Tax Cut Measure, Times Free Press.

 

CONTACT:  Karen Kerrigan, kkerrigan@sbecouncil.org

Raymond Keating, Chief Economist, rkeating@sbecouncil.org

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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