Republican Tax Bill: Great For Wealthy Corporations, Bad For Small Businesses

The Republican tax bill provides a massive windfall to wealthy corporations by cutting the corporate tax rate from 35% to 20%.

Washington Post: “It's clear the bill would create huge tax cuts for the wealthy and corporations: lowering the corporate tax rate from 35 percent to 20 percent and eliminating the estate tax.”

But small business says the Republican tax bill leaves too many small businesses behind.

Wall Street Journal: “Small-Business Lobby Not Supporting House Tax Bill”

NFIB: “This bill leaves too many small businesses behind. We are concerned that the pass-through provision does not help most small businesses. Small business is the engine of the economy. We believe that tax reform should provide substantial relief to all small businesses, so they can reinvest their money, grow, and create jobs.”