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Study: Impact of 2017 Tax Cuts

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By NFIB,
NFIB, the nation’s leading small business advocacy organization, issued the following statement on behalf of President and CEO Juanita D. Duggan marking tomorrow’s one-year anniversary of the Tax Cuts and Jobs Act being signed into law, which has driven record levels of sustained optimism among small businesses:

“Small business optimism has soared to record levels in the year since tax relief, including the Small Business Tax Deduction, was signed into law. NFIB worked tirelessly with Congress and the administration to ensure the law contained a tax cut for small business. Small businesses, which represent half the U.S. economy and GDP, need the certainty that comes through permanence. We urge the next Congress to move quickly to make the Small Business Tax Deduction permanent and help ensure that small businesses continue to thrive.”

Key findings from NFIB research include: