Why Small Businesses Flourish with Tax Reform
Tax reform is a super hot topic today, and there are people on both sides of the fence in terms of not only how they feel about it but also what they think will happen in the future and how it will impact various sectors of the population.
Linda McMahon, in this recent video, talks about how she thinks tax reform will help small businesses. Linda McMahon is the 25th Administrator of the U.S. Small Business Administration.
Linda speaks on how the tax reform plan has been designed to benefit the middle class and the small businesses in our country. Not only will it be a tax cut on the business profits, but it will also be a tax cut on the rates that the entrepreneurs have to pay on their personal income from the business.
This will allow more people to put more money back into their business or start another business in the area. In addition, it will increase the growth in these smaller businesses including hiring more help. Most people will put money back into their business that they get back from their tax savings. As a result, there will be an increase in jobs across the country as well as an increase in small businesses and owners that are prospering.
Watch the video below to learn more!
~ Liberty Video News
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