PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

SBE Council Applauds Committee Passage of “Tax Relief for American Families and Workers Act”

By at 19 January, 2024, 4:07 pm

NEWS

For Immediate Release

Washington, D.C.  – Today, the U.S. House Ways and Means Committee advanced the “Tax Relief for American Families and Workers Act of 2024.” Small Business & Entrepreneurship Council (SBE Council) president & CEO Karen Kerrigan issued the following statement in response:

“Today’s bipartisan support for the ‘Tax Relief for American Families and Workers Act’ is critical to many small businesses across our country, especially innovative firms that will be irreparably harmed if immediate expensing for research and development is not restored. Given a host of challenging conditions that entrepreneurs are currently facing, they need policies that support their resourcefulness in navigating inflationary pressures and financing their investments and growth. The legislation includes important measures that will provide relief and boost confidence. The investment provisions will help fuel growth, innovation and the competitiveness of small businesses, which will have both immediate and long-term benefits for workers and local economies.”

“When entrepreneurs and small business owners confidently invest in their businesses, the U.S. economy is strengthened. SBE Council applauds the bipartisan effort that went into reaching consensus around these tax measures. Now, we urge every member of the U.S. House to vote in favor of the legislation when it reaches the floor in the very near future.”

On January 18, SBE Council delivered a letter in support of the “Tax Relief for American Families and Workers Act,” which can be accessed or shared here.

CONTACT:

Karen Kerrigan, kkerrigan@sbecouncil.org

SBE Council is a nonpartisan advocacy, research and education organization dedicated to protecting small business and promoting entrepreneurship. For nearly 30 years, SBE Council has worked on and advanced a range of private sector and public policy initiatives to strengthen the ecosystem for strong startup activity and small business growth.

Visit www.sbecouncil.org for additional information. Twitter: @SBECouncil

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