Small Business Owners Urge Congress to Save Tax Cuts
Submitted by MAGA
Posted 21 hours ago
**Tax Cuts at Risk: A Small Business Owner's Plea for Permanence**
As the clock ticks down to the expiration of critical tax cuts, small business owners across America are sounding the alarm.
Lana Pol, the president of Geetings Inc., a trucking company in Pella, Iowa, is at the forefront of this urgent call to action.
Pol argues that the 2017 Tax Cuts and Jobs Act (TCJA), a legacy of the Trump administration, must be made permanent to prevent small businesses from suffering.
The TCJA breathed new life into businesses like hers by lowering taxes, simplifying the filing process, and providing substantial benefits such as the pass-through business deduction.
This deduction allowed Pol to take 20 percent off her pass-through business income from federal taxes, enabling her to invest more back into her company and its employees.
The impact has been significant.
Thanks to the tax cuts, Pol has been able to give her employees raises, invest in new trucks, and cover 100 percent of their health insurance—benefits that many businesses struggle to maintain in today’s high-inflation environment.
Before the TCJA, small businesses experienced a confidence crisis, with many struggling to stay afloat.
Pol recalls how the tax cuts revitalized her ability to hire and retain talent in a competitive job market dominated by larger companies.
She emphasizes that the TCJA not only improved her cash flow but also instilled a sense of optimism and resilience.
The tax cuts also brought an increase in the estate tax exemption, which allowed Pol to think about her family's future with greater assurance.
Instead of potentially leaving her children with less than $6 million upon her passing, she can now pass on up to $11 million—an important consideration for anyone planning for their heirs.
Pol's story is one of resilience, but her concerns are echoed by countless other small business owners who fear that weakening these tax cuts will lead to job losses and a stalling economy.
As she puts it, the idea of letting these beneficial cuts expire sounds a loud alarm not just for her business but for the economic confidence that has sparked growth and opportunity across America.
“I can’t allow the legacy of my father’s hard work and vision to evaporate because the federal government decides to take away the support we need to thrive,” she stressed.
With the December deadline for the TCJA looming, businesses are faced with uncertainty that could derail the recovery and growth cultivated over the last few years.
Pol's plea is clear: Congress must make these tax cuts permanent before it's too late.
The stakes have never been higher for small businesses, and their calls for stability deserve urgent attention from lawmakers.
As we edge closer to the expiration date, the future of many businesses hung in the balance, reliant on the lawmakers’ decisions in the coming months.
Sources:
theblaze.com
issuesinsights.com
thefederalist.com
As the clock ticks down to the expiration of critical tax cuts, small business owners across America are sounding the alarm.
Lana Pol, the president of Geetings Inc., a trucking company in Pella, Iowa, is at the forefront of this urgent call to action.
Pol argues that the 2017 Tax Cuts and Jobs Act (TCJA), a legacy of the Trump administration, must be made permanent to prevent small businesses from suffering.
The TCJA breathed new life into businesses like hers by lowering taxes, simplifying the filing process, and providing substantial benefits such as the pass-through business deduction.
This deduction allowed Pol to take 20 percent off her pass-through business income from federal taxes, enabling her to invest more back into her company and its employees.
The impact has been significant.
Thanks to the tax cuts, Pol has been able to give her employees raises, invest in new trucks, and cover 100 percent of their health insurance—benefits that many businesses struggle to maintain in today’s high-inflation environment.
Before the TCJA, small businesses experienced a confidence crisis, with many struggling to stay afloat.
Pol recalls how the tax cuts revitalized her ability to hire and retain talent in a competitive job market dominated by larger companies.
She emphasizes that the TCJA not only improved her cash flow but also instilled a sense of optimism and resilience.
The tax cuts also brought an increase in the estate tax exemption, which allowed Pol to think about her family's future with greater assurance.
Instead of potentially leaving her children with less than $6 million upon her passing, she can now pass on up to $11 million—an important consideration for anyone planning for their heirs.
Pol's story is one of resilience, but her concerns are echoed by countless other small business owners who fear that weakening these tax cuts will lead to job losses and a stalling economy.
As she puts it, the idea of letting these beneficial cuts expire sounds a loud alarm not just for her business but for the economic confidence that has sparked growth and opportunity across America.
“I can’t allow the legacy of my father’s hard work and vision to evaporate because the federal government decides to take away the support we need to thrive,” she stressed.
With the December deadline for the TCJA looming, businesses are faced with uncertainty that could derail the recovery and growth cultivated over the last few years.
Pol's plea is clear: Congress must make these tax cuts permanent before it's too late.
The stakes have never been higher for small businesses, and their calls for stability deserve urgent attention from lawmakers.
As we edge closer to the expiration date, the future of many businesses hung in the balance, reliant on the lawmakers’ decisions in the coming months.
Sources:
theblaze.com
issuesinsights.com
thefederalist.com
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