Advocacy for Making President Trump's Tax Cuts and Jobs Act Permanent

SOURCE www.breitbart.com
Job Creators Network and other advocacy groups urge House Speaker Mike Johnson, Senate Majority Leader John Thune, and other Republicans to make President Trump's Tax Cuts and Jobs Act permanent. They argue that increasing the small business tax deduction will benefit family-owned small businesses and warn against raising taxes on high-earners.

Key Points

  • Tax cuts can impact the decision to hire new workers or expand business operations
  • Raising taxes on family-owned businesses could discourage growth and job creation
  • Small businesses support the tax cuts by a margin of four to one

Pros

  • Making Tax Cuts and Jobs Act permanent can benefit small businesses
  • Increasing small business tax deduction can support family-owned businesses
  • Tax relief can help job creation and economic growth

Cons

  • Raising taxes on high-earners may negatively impact small business owners
  • Potential tax hikes could hinder business expansion and job creation