Congress is days away from approving legislation that will reform the tax code for the first time in 31 years. The Tax Cuts and Jobs Act is historic tax reform legislation that doubles the standard deduction for middle-class families, creates jobs, and closes loopholes so everyone pays their fair share. This momentous occasion will cut taxes for small businesses and middle class individuals alike, as well as lead our country to economic success!
It is now crunch time to get tax cuts & money back in your pocket!
Tax reform is the one thing that will help small businesses grow, invest and compete, and put more money back into American families’ pockets.
In fact, John Dunham & Associates just recently released a study showing exactly how positive an impact the tax reform bill will have on states across the nation.
For example, Maine alone can expect to see an estimated 14,189 new jobs and a 1.4% wage growth spanning the state in 2018. Coupled with middle class taxes being cut by 10.2%, the benefits coming to America are impossible to ignore.
Or, to analyze another state, Pennsylvania is expected to see an estimated 179,142 new jobs and 1.7% wage growth in 2018. In addition, middle class taxes are expected to be reduced by 11%!
Small-business owners need to share with Congress how necessary tax reform is to help reinvigorate business growth across the nation and how tax reform will positively impact businesses by creating jobs, cutting back on time dedicated to compliance, and allowing owners the ability to reinvest in their business and the surrounding community!