WASHINGTON, DC, Sep. 27 – AAHOA President and CEO Chip Rogers issued the following statement on the Protecting Family and Small Business Tax Cuts Act of 2018 (H.R. 6760):
“Working families are keeping more of their hard-earned income, small businesses are reinvesting their tax savings into growing their businesses, and the American economy is thriving. The unprecedented GDP growth, projected to be at 3.1% through the end of 2018, is yet another sign that it’s time for Congress to acknowledge that the Tax Cuts and Jobs Act is working. That’s why America’s hoteliers call on Congress to pass the Protecting Family and Small Business Tax Cuts Act and make the individual tax cuts and small business income deductions that expire in 2026 permanent. Passing this legislation could boost the economy by adding 1.5 million new jobs to the workforce while continuing the steady increase in wages that workers enjoy. It would also avoid turning working families and small business owners into political pawns by heading off a potentially contentious legislative fight over the future of the tax cuts in five or six years. Congressional leaders in the House and Senate can demonstrate their commitment to keeping our economy strong by passing this bill before the lame duck session.”
