Today is Small Business Saturday, and it’s a great day to say ‘thank you’ for all Main Street does to keep America’s economy thriving and communities’ strong.
This year, I’m proud that our Working Families Tax Cuts is setting our small businesses up for success. By making the Qualified Business Income (QBI) deduction permanent, doubling the Section 179 deduction cap, and restoring one-hundred percent expensing, small business owners have already reported rising confidence in our economy and their profits. In fact, according to Bank of America, seventy-four percent of small business owners expect their revenues to increase in the next year and more than half plan to expand their business.
As you plan your holiday shopping, I hope that you’ll take this opportunity to support our local entrepreneurs and shop small.
