House Tax Bill is a Sleight of Hand for Small Business

WASHINGTON, DC – In response to the House tax bill released today, Amanda Ballantyne, National Director of Main Street Alliance, a national network of small business owners, released the following statement:

“This bill was crafted in secret for a reason – the House is performing a sleight of hand intended to trick small businesses and the middle class into thinking their interests are being served. But the vast majority of real small business owners know they already pay 25% or less, and only the very highest "pass-through" income earners - the hedge fund managers and corporate lawyers - would see a rate cut. If you look at the big picture, this bill is ultimately giving very rich individuals and big businesses trillions in tax breaks while slashing community services like Medicaid, Medicare and education. Ultimately, that’s going to drive the cost of living up and reduce the amount of disposable income that’s being spent in Main Street small businesses.”

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