Tag Archive for: Stability

Small Businesses Rejoice: The Main Street Tax Certainty Act Offers Stability


Small businesses are the backbone of the American economy, yet they often face uncertainty when it comes to taxes. The Main Street Tax Certainty Act, recently introduced in Congress, aims to provide stability for small businesses by simplifying the tax code and offering predictability for their financial planning.

The bill, which has bipartisan support, would make permanent several key provisions of the 2017 Tax Cuts and Jobs Act that are set to expire in the coming years. These provisions include the 20% deduction for pass-through businesses, the immediate expensing of certain business investments, and the lower tax rates for individuals and corporations.

Small business owners have long lamented the temporary nature of these tax breaks, which can make it difficult to plan for the future and invest in their businesses. With the Main Street Tax Certainty Act, they can have peace of mind knowing that these deductions and credits will be available to them for the long term.

In addition to making these provisions permanent, the bill also aims to simplify the tax code for small businesses. By streamlining the tax code and eliminating unnecessary complexity, the Main Street Tax Certainty Act will make it easier for small business owners to comply with tax laws and reduce their compliance costs.

Small businesses are the lifeblood of Main Street, providing jobs and economic growth in communities across the country. The Main Street Tax Certainty Act recognizes the importance of these small businesses and aims to support their continued success by providing tax stability and certainty.

As the economy continues to recover from the impacts of the COVID-19 pandemic, small businesses need all the help they can get. The Main Street Tax Certainty Act offers a lifeline to small businesses, providing them with the stability and certainty they need to thrive and grow.

In conclusion, the Main Street Tax Certainty Act is a welcome development for small businesses across the country. By making key tax provisions permanent and simplifying the tax code, the bill offers stability and predictability for small business owners, allowing them to focus on what they do best – running their businesses and creating jobs. It is crucial that Congress acts swiftly to pass this important legislation and provide much-needed support for our nation’s small businesses.

/by

Ensuring Stability for Main Street: The Impact of the Tax Certainty Act


Ensuring stability for Main Street businesses is crucial for the overall health of the economy. Small and medium-sized businesses are the backbone of the American economy, providing jobs and driving innovation. However, these businesses often face challenges that can hinder their growth and success. One of the biggest obstacles they face is uncertainty when it comes to taxes.

The Tax Certainty Act aims to address this issue by providing small and medium-sized businesses with the stability they need to thrive. Under this legislation, businesses would receive long-term certainty about the tax code, allowing them to plan and invest with confidence. This certainty would help businesses make more informed decisions about hiring, investing in new technologies, and expanding their operations.

The impact of the Tax Certainty Act on Main Street businesses would be significant. By providing stability in the tax code, businesses would be able to reduce their tax compliance costs and focus on growing their businesses. This would lead to increased economic growth and job creation, benefiting both businesses and the overall economy.

Additionally, the Tax Certainty Act would help level the playing field for small businesses, allowing them to compete more effectively with larger corporations. Small businesses often lack the resources and expertise to navigate the complexities of the tax code, putting them at a disadvantage. By providing certainty and simplicity in the tax code, the Act would make it easier for small businesses to comply with tax laws and focus on their core business activities.

In conclusion, ensuring stability for Main Street businesses through the Tax Certainty Act is vital for promoting economic growth and creating a vibrant business environment. By providing businesses with the certainty they need, the Act would foster innovation, job creation, and overall economic prosperity. It is essential that policymakers prioritize the needs of small and medium-sized businesses to ensure a strong and resilient economy for all.

/by