McMorris Rodgers Votes to Cut Taxes on Small Businesses
Washington, D.C. – Rep. Cathy McMorris Rodgers (R-WA), Vice Chair of the House Republican Conference, joined a majority of her House colleagues in voting for the Small Business Tax Cut Act today. This legislation – which now moves to the Senate – will boost the economy and create jobs by allowing small businesses to deduct 20 percent of their income from taxes. This tax cut will benefit nearly 22 million small businesses.
“I am proud to join my colleagues in voting for this pro-growth, pro-opportunity legislation,” said Vice Chair McMorris Rodgers. “As someone who worked at a family-owned small business, I can tell you that every dollar that a business saves in taxes is a dollar that can be plowed back into the company for job creation and expansion. When I’m home in Eastern Washington and meet with our job creators, they tell me the government’s tax burden is still too high, and they need relief. This bill will provide that relief along with a much-needed boost to our economy.”
According to the Small Business Administration Office of Advocacy, small businesses represent 99.9 percent of the 27.5 million businesses in America.