The state office of the National Federation of Independent Business (NFIB) is urging Congress to work quickly to send tax reform legislation to the President.
“Taxes are a huge concern for small-business owners,” said Gil White, state director of NFIB. “Five of the top 10 issues on the latest NFIB Small Business Problems & Priorities survey were related to taxes.”
“The Senate-passed version of the Tax Cuts and Jobs Act creates a broad deduction for small businesses. The House version would help small and family-owned businesses by creating a reduced tax rate structure for small businesses.
“Both versions recognize the need for small business tax relief, which means businesses could reinvest in their businesses and employees, create local jobs in rural and urban areas of West Virginia.
“That’s why we’re asking Senators Shelley Moore Capito and Joe Manchin to support maintaining the small-business tax relief in the final version of the Tax Cuts and Jobs Act,” White said. “We can’t afford to miss this once-in-a-generation opportunity to help Main Street businesses grow and create jobs.”