Small Biz Owner Says TCJA Boosted Jobs & Paychecks: “No Worse Thing to Do Than Raise Taxes” – Ways and Means Republicans

by | Oct 27, 2022 | Jobs

“Some of the greatest benefits of TCJA is the effect that it has had on the growth of jobs, enhancing productivity, and increasing the paychecks for our employees,” shared John John Frangakis, owner of a small business in Pennsylvania. As the economy slows towards a Biden recession John added, “there’s no worse thing to do than raise taxes.”

Permanent middle-class and small business tax cuts are key to House Republicans’ Commitment to America and restoring an economy that’s strong.

To examine how Americans and small businesses will benefit by making permanent the lower tax rates originally enacted as part of the Republican Tax Cuts and Jobs Act (TCJA), Ways and Means Republicans, led by Tax Subcommittee Republican Leader Rep. Mike Kelly (R-PA), held a virtual meeting titled “Make TCJA Permanent to Lock in Low Taxes for Families and Small Business.”

KEY THEMES:

The Tax Cuts and Jobs Act (TCJA) worked to help all Americans by lifting millions out of poverty, shrinking income inequality, and growing paychecks.
With raging inflation, shrinking paychecks, and shrinking economic growth, Americans are suffering in President Biden’s cruel economy.
Twenty-three provisions of TCJA are set to expire after 2025 unless Congress takes action.
Ways and Means Republicans have introduced legislation to secure Americans’ economic future, better jobs, and more growth.
Republican Leader on the Ways and Means Health Subcommittee Rep. Vern Buchanan (R-FL) introduced the TCJA Permanency Act to ensure the tax cuts as part of TCJA don’t expire.

CLICK HERE to watch a replay of the event.

READ MORE ABOUT TCJA: Five Years Later: Republicans Delivered Historic, Pro-American Tax Reform

KEY QUOTES:
“America …

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