PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Tax Reform Must Move Forward: Americans Want Washington to Work

By at 13 December, 2017, 5:01 pm

NEWS

Washington, D.C. – Today, the House-Senate conference committee hosted a public meeting to debate and discuss the differences between the two versions of the “Tax Cuts and Jobs Act,” and President Trump hosted middle-class families at the White House for a speech on tax reform. The positive movement continues on tax reform, but Democrats are calling for a delay in legislative activity on Capitol Hill because of the results of the special election in Alabama. Small Business & Entrepreneurship Council (SBE Council) president & CEO Karen Kerrigan said the work of Congress – especially as it relates to tax reform – must keep moving forward.

“A special election involving one Senate seat must not change or interfere with the responsibility that Congress has to the American people. Tax reform is vital to the growth of our economy and providing families and small businesses with the tax relief they need.  Entrepreneurs and families need certainty and the ability to plan for the upcoming year. Putting off or delaying legislation and bringing the gears of Congress to a standstill is not practical. In fact, it is irresponsible.  The American people – especially hard working middle-class families and small business people – have waited long enough!

“As noted by President Trump in his speech today, the tax code is ‘profusely unfair.’ Lowering rates and improving the tax system for all taxpayers will give Americans the capital they need to save, educate their children, start a new business or invest in a local business.  Our economy is getting back on track, and tax reform is essential to sustaining that growth.  I agree with President Trump that status quo thinking has kept our economy and entrepreneurship in a weak state. The economy is getting stronger, and there is great optimism among entrepreneurs and small business owners. Tax reform will harness that optimism and fuel the positive growth that we are now experiencing. All Americans will benefit from a stronger economy that is producing more opportunity, quality jobs, and greater dynamism overall.”

Read President Trump’s remarks at the White House here.

CONTACT: Karen Kerrigan, kkerrigan@sbecounci.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 advocate for and 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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