The member of NFIB and the owner of the small owning business, John E. Kelly, Jr. The Baltimore sun exhorting the congress to pass the Act of certainty of the main street tax and make the deduction of small permanent businesses.
He wrote: “The truth is that small businesses are looking at a tax cliff. At the end of next year, the main tax reduction in the 2017 tax reform should expire, which means that my taxes will increase considerably. As this day is getting closer, small businesses like me are starting to hold back. Frankly, I am terrified not to be able to give increases, increase the advantages and invest in new equipment. Trump and Congress cannot let it happen …
“Conclusion: thanks to the deduction of small businesses, I have the confidence necessary to continue to hire and invest. It’s been 32 years since I started my business, and all this time, no other policy was as useful as this tax reduction.
“But the reverse is also true: nothing would be more harmful than to allow the deduction of small businesses to disappear at the end of the year. It would also be harmful if the congress awaited until the end of the year to act. Small businesses must plan for years in advance. When we do not know what will happen, we do not spend as much money because we save it to pay a potential tax increase. This could make 2025 a wasted year for job creation and wage growth. »»
Read his full complaint here: https://www.baltimoresun.com/2025/01/15/small-business-owners-dould-son-lose-vital-lox-relief-ugest-ommentary/
Act: Maryland small business owners will face a massive increase in tax if Congress does not act – Tell your legislator To pass the Act of certainty of the main street tax NOW Before the expiration of the deduction of small businesses!