Job Creators Network chief: GOP tax bill gave small businesses ‘biggest relief’ in 41 years
Job Creators Network President (JCN) Alfredo Ortiz on Tuesday said that the Republican-backed tax cut plan passed last year gave small businesses the greatest tax relief they had seen in four decades.
“In many cases, 50 cents of every dollar was being taxed, was being sent to Washington, D.C., to the government out of every single dollar earned,” Ortiz, who lobbied for the plan last year, said to Hill.TV host Buck Sexton on “Rising.”
“These are family businesses. We’re talking the dry cleaner, the pizza guy. These guys were working their buns off, quite frankly, 24 hours a day, seven days a week, trying to make things really work for themselves and everything that they put on the line, and 50 cents out of every dollar, in many cases, is going back to the government,” he continued.
“So they needed relief, and they hadn’t seen relief in 40 some odd years, so this tax bill, the taxes and job act that passed, was the biggest relief they had seen in about 41 years,” Ortiz said.
JCN does not endorse political parties or candidates but supports lower tax and regulation policies, which are usually endorsed by Republicans.
The $1.5 trillion bill gave large tax cuts to corporations and wealthy individuals, as well as more modest reductions more middle-class and low-income families.
Various small business groups initially expressed skepticism over the plan, saying it would only benefit wealthy corporations.
Trump and Republicans have since tied the plan, as well as the administration’s deregulation policy, to economic gains and low unemployment numbers.
— Julia Manchester