As House taxwriters prepare for a possible markup of major tax legislation, ‘Main Street’ business owners and organization affiliates shared differing perspectives on whether expiring provisions of the Tax Cuts and Jobs Act (TCJA) should be extended.
Pro-TCJA industry executives.
In a May 7 letter to House Ways and Means Chair Jason Smith (R-MO) and Senate Finance Committee Chair Mike Crapo (R-ID), leaders of small business associations in the restaurant and hotel industries advocated for the preservation of “business, individual, and family tax provisions” enacted during President Donald Trump’s first term and set to expire at the end of this year.
To dig deeper, visit the original article on the Thomson Reuters blog.