Top Federal Tax Rate Will Increase to 43.4% for 26 Million Small Businesses If Congress Fails to Act
December 18, 2024
December 18, 2024
WASHINGTON, Dec. 18 -- Rep. Jason Smith, R-Missouri, chairman of the House Ways and Means Committee, issued the following news release:
Small businesses drive America's economy, generating jobs and economic growth in communities big and small all across the country. The 2017 Trump tax cuts invested in this engine of economic growth by providing a 20 percent small business tax deduction - otherwise known as Section 199A - which helped ensure shops lining Main Streets across the natio . . .
Small businesses drive America's economy, generating jobs and economic growth in communities big and small all across the country. The 2017 Trump tax cuts invested in this engine of economic growth by providing a 20 percent small business tax deduction - otherwise known as Section 199A - which helped ensure shops lining Main Streets across the natio . . .