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Today, American workers are in the Rose Garden to share how the recently-enacted Tax Cuts and Jobs Act – the first major overhaul of the tax code in a generation – is helping them achieve their very own American Dream.
Whether it’s due to tax reform’s more competitive tax rates for all businesses or by allowing all businesses to immediately deduct the cost of new investments, job creators are sending less of their hard-earned money to Washington. And they’re feeling pretty good about that. In fact, the MetLife & U.S. Chamber of Commerce Small Business Index found that small businesses are feeling more optimistic in the strength of the U.S. economy because of tax reform, and the RSM US Middle Market Business Index found that business optimism is at an all-time high thanks to tax reform.
Ahead of the U.S. Chamber’s “Tax Cuts at Work” event, two business owners shared with us how they are putting their tax reform optimism into action:
John Biagas, President and CEO, Bay Electric:
The passage of tax reform last Christmas has spurred optimism throughout our company and throughout the region. This year, we have hired 12 field electricians and apprentices and have added 2 project managers to our senior team. Plus, the new tax law accelerated our plan to invest over $500,000 in new trucks and equipment.
Melissa Bercier, PhD, LCSW, Founder and President, Couch Clarity:
I am so happy that tax reform has already helped several employees take home bigger paychecks. Plus, the savings I will realize from our 2018 taxes are going to be used for the Couch Clarity team’s personal and professional development. It is fulfilling being a small business owner, especially when our entire mission is to help others.
It’s clear that American workers, families, and job creators are seeing real benefits thanks to tax reform, and Main Street is undergoing a new era of economic growth. We look forward to hearing from more business leaders about how tax reform is growing paychecks, increasing investment, and creating jobs across the country.