Washington, D.C. (November 7, 2018)—Despite Democrats wrestling control of the House from Republicans, there should be bipartisan support for policies that boost small businesses, said the Job Creators Network (JCN) today.
“While the outcome of the midterm election is disappointing for us, especially because many of the candidates who won have promised to repeal the tax cuts, we believe there is a bipartisan majority in both houses that understands the importance of small business,” said JCN President and CEO Alfredo Ortiz. “Newly elected lawmakers need to come together and support small business entrepreneurs in order to extend the economic prosperity we’ve experienced over the past year.”
The tax cuts for small businesses and individuals, which are set to expire in 2025, have sparked growth and optimism in the small business sector. Legislation to make the cuts permanent passed the House this year.
“If policymakers can’t come together, small businesses and their employees will be the ones paying the price,” continued Ortiz. “Gridlock in Washington means a halt to policies that cut red tape and reduce taxes, a circumstance that leaves our nation’s 30 million small business owners and their 60 million employees vulnerable.”