The National Federation of Independent Business (NFIB) issued the following statement in a release to MHProNews.
President and CEO Juanita Duggan, speaking about the on Tax Cuts and Jobs Act becoming law:
“NFIB fought for decades for a real tax cut for small business owners. The Tax Cuts and Jobs Act dramatically improves the way small businesses are treated, delivering hundreds of billions of dollars in tax cuts,” she said.
“Small business optimism has been near record highs all year long in anticipation of this moment. Starting in 2018, millions of small businesses will have substantially more money to convert their optimism into investments. They can buy new equipment, increase inventory, pay workers more, create new jobs, and engage in the economic activities that drive the U.S. economy,” per Duggan’s statement.
“The Tax Cuts and Jobs Act is a once-in-a-generation achievement. This is a historic day for small business and the country. We are grateful to President Trump for his leadership on this issue, which started even before he took office. Today he fulfilled his promise to cut taxes for American small businesses,” according to the NFIB.
From left-of-center CBS, we learn that the tax cut bill will in fact help the middle class.
As regular Daily Business News readers know, NFIB has over 300,000 members, hundreds of whom are reportedly from the manufactured home industry.
While the tax law will bring changes that are routinely being celebrated, per experts, as good for the middle class and small business, understanding the changes can help maximize benefits for small businesses.
The right-of-center Fox Business video above may prove useful. ## (News, analysis, commentary.)
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Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.