Small Business Saturday is a reminder of something Americans have long known: Main Street is the backbone of the US economy. Our local entrepreneurs help feed our families, supply our schools, and make our communities vibrant.
President-elect Trump said it’s a priority of his to make sure American small businesses continue to succeed. If he and the incoming Republican Congress are serious about this mission, it’s critical that they build on the successes of Trump’s 2017 taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. reforms and make permanent one key provision from that law that is set to expire—full and immediate expensing.
“Full expensing” may not sound like the most exciting policy, but it’s the strongest tool in our tax code to help our small businesses.
Here’s how it works.
This is a preview of our full op-ed originally published in The Press-Enterprise.
Stay informed on the tax policies impacting you.
Subscribe to get insights from our trusted experts delivered straight to your inbox.
Subscribe