WASHINGTON, D.C. – Over the next 10 years, small businesses will increase GDP by $75 billion each year because of the 20 percent small business deduction, and then rise to $150 billion every year after, according to a study released by the National Federation of Independent Businesses. | waysandmeans.house.gov
WASHINGTON, D.C. – American families, farmers, workers, and small businesses will soon see a massive surge in economic growth, wage gains, and higher incomes thanks to President Trump’s One, Big, Beautiful Bill which passed the U.S. House of Representatives today and now heads to the Senate for consideration. | Ways and Means
A new study from the Council of Economic Advisers (CEA) confirms what working families and small business owners have long known: the 2017 Trump tax cuts delivered results, and Congress must act to make them permanent. In response to CEA’s analysis, House Ways and Means Chairman Jason Smith (MO-08) stressed the urgency for Congress to act now to lock in the pro-growth policies of President Trump’s successful tax cuts:| waysandmeans.house.gov
“Congress must pass one, big, beautiful bill to turn President Trump’s mandate into a reality to help families fed up with inflation.” | Ways and Means
“Congress must work quickly to provide Main Street job creators with the confidence they need to borrow capital, invest in their communities, and hire American workers.”| Ways and Means