Friend,
This week, I was honored to receive the U.S. Chamber’s Advocate for American Business Award for my work to support Iowa small businesses and pro-growth policies in Congress.
Small businesses account for 99% of businesses in Iowa and employ more than 50% of the workers in our state. Small businesses are truly the backbone of our Iowa economy and the heartbeat of our communities across Iowa.
Main Street business owners have poured their heart and soul into building their businesses – often turning what they once thought was a pipe dream into reality. I know they work so hard to empower their employees, serve customers, and give back to the community.
We are heading toward an important inflection point for our federal tax policy, with key tax cuts set to expire next year. The 2017 Tax Cuts and Jobs Act provided tremendous opportunities for Iowa small businesses to grow and for working families to thrive. Democrats, including Vice President Harris, have promised to roll back these tax cuts, calling for a repeal of stepped-up basis and the expiration of the 199A Small Business Deduction – policies that many generational family farms and small businesses in Iowa need.
These tax provisions are a critical tool to support rural economies and to help us compete globally against foreign adversaries like the Chinese Communist Party. That's why I cosponsored the Main Street Tax Certainty Act to keep these tax cuts permanent. There is never a good time to raise taxes, but the fact that Democrats want to raise taxes during this horrible inflation crisis is unconscionable.
Our economy prospers when Americans can keep more of their hard-earned paychecks and have the freedom to thrive. I will continue to be a voice for Iowa’s Main Street job creators in Congress and work with anyone who will work with me to grow our economy.
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