Republicans and President Trump Promote Small Business Tax Savings During National Small Business Week
Working Families Tax Cuts·May 4 – May 4, 2026
4 hours ago
Republicans and President Trump Promote Small Business Tax Savings During National Small Business Week
The Working Families Tax Cuts created a permanent 20% tax deduction for small businesses. The law also stopped taxes on tips and overtime pay according to Republican leaders. These changes are designed to let workers and business owners keep more of their earnings instead of giving it to the government.
During National Small Business Week, supporters say the average small business owner is saving nearly $7,000 because of these cuts. They also point out that new small business creation is currently near record highs under the administration's policies.
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