Small businesses cheer Trump tax reforms, but some feel they didn’t go far enough


Source: CNBC
By Kate Rogers

March 18, 2019

Taxes have long been a sore spot for small businesses, which is one of the reasons optimism soared as President Donald Trump took office and began the process of overhauling the law.

But now, in the midst of the first tax season since the law went effect, Main Street advocates are cheering parts of the overhaul but are also arguing that the law didn’t go far enough. Tax breaks enacted to help small businesses aren’t permanent, and that’s made it difficult for business owners to make long-term decisions. Some would like to see Congress move to make temporary tax breaks permanent.

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