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Small business needs permanent tax cuts

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14.04.2019

Nearly a year-and-a-half later, President Trump’s tax cuts are still a big deal for a small business.

Millions of small businesses are filing their full-year taxes under the Tax Cuts and Jobs Act for the first time. The National Federation of Independent Business has heard from our members about the difference the new law makes.

Fairfield Insulation and Drywall, a small Ohio-based company, was able to expand life insurance benefits for its employees last year. This year, it will increase its 401(k) match.

Greetings, Inc., a trucking and warehousing business in Iowa, opened its new warehouse expansion this past December. This grew the company’s warehouse space by nearly 10 percent.

Suburban Painting Co., out of Kentucky, recently hired four additional workers and bought a new truck to help it expand its services.

And GKM Auto Parts, out of Zanesville, Ohio, reinstated health-care benefits for its employees. The company had ended this benefit in 2016 after unaffordable double-digit premium hikes.

Stories like these can be found in nearly every community in every state. As of 2018, there are more than 30 million small businesses –........

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