Small Businesses Need Permanent Relief
Small businesses are the heartbeat of our nation and the impacts of the COVID-19 pandemic have affected them in an extraordinary way.
I come to Congress from a retail background, where your livelihood depends on face to face interaction. Though adjustments have been made to keep doors open for the better part of 2020, Central Texas business owners have been dealt a harsh blow with further uncertainty on the horizon.
In order to keep small businesses afloat and inject capital into the American economy, Congress created the Paycheck Protection Program in the CARES Act. Its success has meant 58,000 families in the 25th District kept their paychecks and nearly 6,000 businesses could keep their doors open.
Businesses like Bill’s Burgers, Wings, and Things in Burnet and Lampasas have been a community staple serving our families since 2014. Rangaire Manufacturing in Cleburne has served both our district and our nation since 1948 by producing invaluable equipment for the military to support their mission at home and abroad. The Dripping Springs Chocolate Company in Dripping Springs was started as a family business several years ago and has since stayed true to their mission to provide customers with the best chocolate possible while improving the lives of farmers and communities all across the world.
These are just a handful of businesses that are the backbone of our communities, all of whom were grateful to utilize the PPP to keep their employees on payroll and their doors open as forced government closures rattled business across Texas.
Congress’ work must continue to build on the solid foundation of the CARES Act and the PPP by directing further, targeted relief to industries and Americans in need. We must also consider the economic impact that lower taxes can have during the COVID-19 recovery, extending the already low individual tax rates from the 2017 Tax Cuts and Jobs Act. Tax reform catapulted our economic growth and we built the greatest economy we had seen in generations. It’s time to make it permanent.
The bottom line is that businesses need relief so long as CDC recommendations and government mandates will hinder their ability to operate as usual. I remain a tireless advocate for permanent tax cuts and will continue working with my colleagues to deliver a tax code that will provide certainty to small businesses and individuals as we rebound from COVID-19.
These men and women work around the clock to overcome unprecedented challenges and inspire the next generation of entrepreneurs to create jobs that lead to greater prosperity. America remains the land of opportunity because of their dedication to propel our nation forward. I’m grateful to serve as the voice of Main Street in Congress and will always fight for pro-growth policies that provide greater freedom.