Leading Small Business Group Thanks Collins for Leadership on Tax Cuts

Date: December 22, 2017

Related Content: Press Release State Maine Taxes

National Federation of Independent Business (NFIB) says landmark tax cuts for Maine would not have been possible without Sen. Susan Collins

Augusta, ME (December 22, 2017) – Maine’s leading small business organization, the National Federation of Independent Business (NFIB), said the most important economic boost in more than three decades would not have been possible without U.S. Senator Susan Collins

“The Tax Cuts and Jobs Act allows Maine small businesses to reinvest more of their money in Maine’s economy,” said NFIB Maine State Director David Clough. “Senator Collins was instrumental in passing the legislation, and small business owners in Maine are grateful.”

According to the SBA, there are 144,000 small businesses in Maine and they employ nearly 300,000 Mainers. The historic tax reform measure, which the President is expected to sign into law soon, will allow the typical Maine small business to save thousands of dollars every year in federal taxes. They’ll reinvest that money in new equipment, more inventory, higher wages for workers, and new jobs.

“Maine small businesses will get to keep more of their own money and reinvest it in the Maine economy,” said Clough, who pointed out that Maine ranks 5th in the nation for the percentage of workers who are employed by pass-through businesses. The Tax Cuts and Jobs Act provides hundreds of billions in tax relief to such firms.

“Mainers can be very proud of Senator Collins for her courageous support for the Tax Cuts and Jobs Act.  She is a strong champion for small businesses, which are the backbone of Maine’s economy.”

For more information about NFIB, please visit www.nfib.com.

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Related Content: Press Release | State | Maine | Taxes

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