House Ways & Means Committee Chairman Smith: Small Businesses Will Create At Least 1 Million New Jobs Annually If Trump Tax Cuts Are Made Permanent
January 28, 2025
January 28, 2025
WASHINGTON, Jan. 28 -- Rep. Jason Smith, R-Missouri, chairman of the House Ways and Means Committee, issued the following news release:
Permanently extending the 20 percent deduction for 26 million American small businesses from the 2017 Trump tax cuts will supercharge Main Street's job creation engine - leading to an estimated 1 million new jobs every year over the next decade and an additional 2 million jobs in the years that follow, according to a study (https://strgnfibcom. . . .
Permanently extending the 20 percent deduction for 26 million American small businesses from the 2017 Trump tax cuts will supercharge Main Street's job creation engine - leading to an estimated 1 million new jobs every year over the next decade and an additional 2 million jobs in the years that follow, according to a study (https://strgnfibcom. . . .