Democrats Expand War on Small Businesses by Seeking to Curtail 20 Percent Small Business Tax Deduction to Fund their Socialist Programs

Press ReleaseJuly 20, 2021

Alfredo Ortiz, President and CEO of the Job Creators Network, released the following statement:

“It was only a matter of time before tax hungry Democrats came after the 20 percent small business tax deduction as Sen. Wyden has proposed. No small business is safe with Democrats on the hunt for new tax hikes needed to fund their historic spending plans to implement their socialist policies. The 20 percent tax deduction allows small businesses to keep more of their earnings to hire, raise wages, and expand. It allows them to better compete with their big business counterparts. Manufacturers, including Guy Chemical in Pennsylvania and HT Metals in Arizona, are especially helped by this tax cut. It contributed to the strongest small business economy in a generation and the resurgence of American manufacturing pre-pandemic. Curtailing it would amount to a dramatic escalation in Democrats’ war on small businesses and slow the economic recovery and job creation. Democrats must not be allowed to milk productive small businesses to enable their big government agenda.”