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Tax relief good for small business E-mail
Opinion
Tuesday, 05 December 2017 13:39


A SECOND OPINION, Joseph Semprevivo, President and CEO, Joseph’s Lite Cookies, Sebastian, Fla.



The Senate and House have now passed their respective tax bills. Once Congress sends a final package to the White House, President Trump will deliver us the most powerful tax relief we’ve seen in three decades.

Small business owners like me—and the millions of employees who depend on us—couldn’t ask for a better Christmas present. For years, our nation’s job creators have been inundated with high tax rates and complex filing costs. Many small business owners are taxed at individual rates, which can reach 40 percent at the federal level. Throw in state and local taxes, and these job creators are often left sending 50 percent of their income to Uncle Sam.

The Republican tax plan allows them to keep more of their hard-earned money, freeing up resources for business expansion and job creation. America is home to nearly 30 million small businesses, which employ roughly 60 million workers—half of the U.S. workforce. Tax cuts would encourage job creators to hire even more Americans.

When small business succeeds, we all succeed. Let’s ring in the New Year with pro-growth tax cuts.

 

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The High Plains Daily Leader and Southwest Daily Times are published Sunday through Friday and reaches homes throughout the Liberal, Kansas retail trade zone. The Leader & Times is the official newspaper of Seward County, USD No. 480, USD No. 483 and the cities of Liberal and Kismet.  The Leader & Times is a member of the Liberal Chamber of Commerce, the Kansas Press Association and the Associated Press.

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