Job Creators Network and Small Business Members Commemorate Four-Year Anniversary of Tax Cuts and Jobs Act Passage
Washington DC – Alfredo Ortiz, president and CEO of Job Creators Network, as well as several JCN small business members, released statements commemorating tomorrow’s four-year anniversary of the Tax Cuts and Jobs Act being signed into law.Alfredo Ortiz, president and CEO of Job Creators Network:
The fourth anniversary of the Tax Cuts and Jobs Act is extra sweet because it comes on the heels of Sen. Manchin scuttling President Biden’s Build Back Broke legislation that would have dramatically raised taxes on successful small businesses. Thanks to the TCJA, small business job creators can keep more of their own money, allowing them to lead the economy back to its pre-pandemic peak through hiring, wage increases, and expansion. The TCJA has generated historic shared economic prosperity and helped the nation weather the pandemic storm.
Guy Berkebile, President of Guy Chemical Company in Somerset County, PA, and member of Job Creators Network:
The Tax Cuts and Jobs Act, particularly its immediate expensing provision, provided my company with the funds needed to build a new and far bigger laboratory, invest in new chemical compounding equipment, and purchase new packaging lines. We were also able to pass down the financial savings to our employees, raising wages, expanding bonuses by up to 50 percent, starting a 401k retirement program, and creating 29 new jobs.
Kalena Bruce, a rancher in Stockton, MO and member of Job Creators Network:
The Tax Cuts and Jobs Act helped rural America reverse its economic decline by allowing local small businesses and ranchers to keep more money at home rather than see it taken by Washington DC. The TCJA helped farmers and ranchers overcome the painful death tax, which was a threat to the future of family farming in this country.
Chris Stansbury, partner at West Virginia Eye Consultants in Charleston, WV, and member of Job Creators Network:
Thanks to the Tax Cuts and Jobs Act, countless businesses across the nation were put on sounder financial footing and were able to share their savings with their employees in the form of significant wage increases. The TCJA set the stage for a sustained period of wage, job, and entrepreneurship growth that many mainstream economists thought was impossible. While the pandemic has paused this prosperity, the TCJA has provided small businesses with an underlying vitality that will allow the economy to quickly rebound when the virus threat is overcome.