President Trump’s Tax Cuts Are Helping “Reinvigorate the American Dream for Small Businesses”
The following is from the Trump team
Thanks to President Donald J. Trump and his pro-growth, pro-worker policies, small business optimism remains above its historic average – as lower taxes continue to promote hiring, rising wages, new equipment purchases and expanded operations on Main Street.
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Americans for Tax Reform recently reported how small businesses coast to coast are celebrating the relief President Donald J. Trump and Republicans delivered in the landmark Working Families Tax Cuts— relief that every single Democrat voted against.
- Juneau, Alaska — Geoff Larson, Co-Founder, Alaskan Brewing Company said the small business deduction provisions in the Working Families Tax Cuts “give Alaskan Brewing the financial footing to keep pushing the envelope on sustainable manufacturing and innovation from one of America’s most remote production facilities.”
- Roswell, Georgia — Jenna Aronowitz, owner, 1920 Tavern said the tax savings from the Working Families Tax Cuts “are helping reinvigorate the American dream for small businesses like mine.”
- Detroit Lakes, Minnesota — Averre Marquis, owner, Asphalt Preservation Company said the 20 percent small business tax deduction in the Working Families Tax Cuts allowed his business to “update our equipment, which has led to better employee retention, which has led to a safer crew out on the road with newer hires.”
- Holly Sprints and Angier, North Carolina — Vicki Harry, owner, Thanks A Latte said because of the Working Families Tax Cuts he is “building a brand new store, and because of this bill, I’ll be able to write off every penny I spend on new equipment this year. It all counts. That means I can invest now without being buried in debt later.”
- Landing, New Jersey — Glenn Beyerl, Chairman, KPM Exceptional LLC said the tax policies enacted in the Working Families Tax Cuts will allow his business to “remain competitive with larger companies and will help us continue to grow, hire, and offer competitive pricing.”
- Gettysburg, Pennsylvania — John Boyer, CEO, KVG said the 20% deduction and full expensing in the Working Families Tax Cuts allowed him to “add ten jobs, and continue to run operations as a company and be successful from here in Gettysburg…”
- Greenville, South Carolina — Derrick Murdock, CEO, IPS Packaging and Automation said The Working Families Tax Cuts has allowed them to “invest in our business by hiring more workers, investing in new technologies, and buying more equipment.” He said the bill has also ensured “our 200 employees have more take-home pay through tax cuts like the expanded child tax credit and the no tax on overtime provision.”
- Harrisonburg, Virginia — Tina Miller, owner, Walkabout Outfitter said with the savings from the Small Business Deduction in the Working Families Tax Cuts she will “continue to give people raises. As owners of the business, my husband and I who own the business, we have not given ourselves any pay raises, but we do give pay raises to stay competitive, so it goes right to our employees.”
- St. Albans, West Virginia — Michael Ervin, Co-founder, Coal River Coffee Company said the Working Families Tax Cuts allows them to “pour back into our community and into our customers and also our employees.” Thanks to the small business deduction, Mr. Ervin said their business has “been able to create a retirement program for our employees… raise their wages, and we’ve also been able to do enhancements on our property to enhance the customer experience.”
- Waukesha, Wisconsin — Austin Ramirez, President and CEO, Husco said the Working Families Tax Cuts ensures that “small and medium pass-through manufacturers like Husco can continue to invest in our growth, innovation, workers and the communities we operate in.” Mr. Ramirez applauded the permanent extension of the 199A deduction that enables “more hiring, more investment, and supporting our philanthropic efforts in Wisconsin.”