Job Creators Network Highlights Inclusion of Small Business Investment Act in Senate Tax Cut Bill

Alfredo Ortiz, CEO of Job Creators Network, released the following statement in response to the Small Business Investment Act’s inclusion in the Senate Tax Cut Bill:

“One underreported provision in the Senate Finance Committee’s tax cut bill is the inclusion of Rep. David Kustoff’s Small Business Investment Act. This legislation would dramatically increase small business access to credit during this time when it is difficult and expensive to attain, turbocharging Main Street. Most small businesses rely on outside funding to grow, but they often can’t get bank loans or don’t have enough cash. By expanding existing capital gain tax breaks from investments in corporations to pass-through entities, which comprise 95% of small businesses, this bill encourages ordinary investors to fill this funding gap. The Small Business Investment Act generates a win-win relationship between investors and small businesses, democratizing access to capital and helping countless more ordinary Americans realize their small business dreams.”