October 15th, 2021
"Build Back Better" Will Demolish Small Businesses
Before COVID hit, we truly had the best economy in generations thanks to pro-growth, Main-Street focused polices put in place by a Republican majority.
Most notably, the 2017 Tax Cuts and Jobs Act doubled the standard deduction, lowered taxes for individuals across the board, cut taxes for Main-Street businesses, prioritized rural America, and enacted policies like full expensing that spurred job and wage growth for hardworking Texans.
And guess what? We became the most competitive economy in the world.
The COVID-19 pandemic poised an unprecedented and unexpected challenge to our economy – many of those in the 11th District of Texas being on the front lines.
Unfortunately, I’m afraid we’ve taken the complete wrong direction in our economic recovery.
The message I’ve received from business owners across the district is that it’s hard, if not impossible, to find workers to hire, input prices for nearly everything is rising due to inflation, and supply chain disruptions are seriously crippling their operations.
With these issues at the forefront, Congress should focus on policies that empower Main Street entrepreneurs and bring down inflation for the American people.
Sadly, Washington Democrats are instead pursuing a partisan tax-and-spend agenda that will be devastating for businesses and result in serious economic consequences for our country.
This week I spent time with small business owners in Llano. These entrepreneurs all told me that they fear higher taxes will make it even harder to stay open.
My number one economic priority is defeating the Biden Reconciliation Bill and championing the pro-growth, America first policies that led to the historic economic boom we experienced under President Trump.
Let’s unleash a new wave of job creation and opportunity that will build on what we achieved prior to the pandemic.
