Hundreds of billions in tax relief for small business is now within reach, says National Federation of Independent Business (NFIB)
The National Federation of Independent Business (NFIB) issued the following statement today on behalf of President and CEO Juanita Duggan in response to the Senate’s passage of the Tax Cuts and Jobs Act:
“We are pleased to see the Senate pass the Tax Cuts and Jobs Act, which will provide significant tax relief to small businesses. We are grateful to Majority Leader McConnell, Chairman Hatch, and all of the senators who supported the measure.
“For small businesses, federal taxes are too high. The tax code is too complicated. Complying with the rules is too costly. According to our research, five of the top 10 problems for small business owners relate to the federal tax code. Tax reform is an economic imperative and it’s one step closer. We urge leaders in the House and Senate to reconcile their respective plans quickly so the President can sign tax reform into law this year.”
For more information about NFIB, please visit www.nfib.com.