Rural businesses rely on Trump’s tax reforms
During President Trump’s first administration, Congress passed the Tax Cuts and Jobs Act, which helped supercharge the economy and strengthen businesses of all sizes, including the smaller ones serving rural communities nationwide.
Now, however, the tens of millions of small businesses that benefited from the lower rates, tax cuts, reductions and other reforms made by the Tax Cuts and Jobs Act face a looming tax hike if Congress doesn’t act soon. That’s because many of the 2017 tax law’s most essential cuts and deductions run out at the end of the year, and others already need to be restored.
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