NCGOP Statement on Tax Cuts & Jobs Act | Eastern North Carolina Now

GOP TAX PLAN

• Small businesses and small-scale employers are the backbone of the American economy, but our complex and burdensome tax code makes it exceedingly difficult for them to succeed.
• According to a CNBC/SurveyMonkey Small Business survey released this fall, the number one concern of small-business owners is taxes. This comes in two parts: tax rates and tax compliance.

• Creating a more competitive business environment could boost GDP by 3-5% and lead to greater investment, job creation and productivity.
• The real winners of a pro-growth tax reform plan are American workers and middle-class families who deserve to see higher wages and more economic opportunities.

• A recent report by the Tax Foundation noted that both the House and Senate tax reform bills will increase long-run GDP by at least 3.5 percent.
• A less burdensome and simpler tax code will make American businesses more competitive, boost job growth and wages, and grow our economy.
• All Americans stand to benefit when our economy is growing. A stronger economy means more wealth, new jobs, and higher wages for hardworking, middle-class Americans. A stronger economy means a new age of opportunity.

• Contact: Emily Weeks
•     Emily.Weeks@ncgop.org