Americans are ready, and it is time for Congress to start focusing on tax cuts. Two-thirds of Americans support lowering the small business tax rate to 15 percent, and it makes sense why.
Almost 98 percent of Colorado’s businesses are small businesses, employing one million workers. It is absurd that the drivers of our economy are subject to tax burdens as high as 50 percent.
High taxes are a barrier to job creation and production of goods and services. A recent JPMorgan Chase study shows that small businesses are struggling financially, with most of them lacking emergency cash on hand to survive an economic downturn.
Tax cuts can fix that problem. Lowering tax rates would allow business owners to save more of their earnings, using them to create jobs and reward hardworking employees with higher wages.
Congress, please pass tax cuts now and give small businesses the boost they need!
Libby Szabo
Golden
Editor’s note: Libby Szabo currently serves as a Jefferson County commissioner.
