ATLANTA, June 20, 2016 /PRNewswire-USNewswire/ — U.S. Representative Randy Hultgren (R-IL) is hosting a town hall event in McHenry to discuss his recently announced tax bill and the challenges facing local small businesses on Tuesday, June 21 at 9:30 am at the McHenry County College Shah Center. The forum, “Fighting for Opportunity: Unleashing the Power of Small Business,” will bring together local small business owners and residents to identify the hurdles facing small businesses and find solutions to overcome them.
Job Creators Network, whose ongoing Bring Small Businesses Back campaign is working to unleash the power of small businesses in order to get the labor market and economy working for everyone again, encourages the public to attend this event.
This month, Rep. Randy Hultgren (R-IL) announced the Bring Small Businesses Back Tax Reform Act (H.R. 5374), which would reduce the tax burden on the nation’s small business job creators. U.S. small businesses account for half the nation’s jobs and two-thirds of its new jobs. The proposed legislation would lower the tax rate on pass-through businesses’ first $150,000 worth of income to 10 percent. And it would lower the rate on income between $150,000 and $1 million to 20 percent.
In a nationwide poll of small businesses commissioned by JCN earlier this year, two-thirds of respondents identified over-taxation as preventing their businesses from thriving. As a result of over-taxation, the survey also found that only one in five small business owners plan to hire additional employees over the next year, and only around one-quarter believe that doing business over the next year will be easier than the previous one.
“Rep. Hultgren’s town hall and recently introduced tax bill are important steps in identifying the problems facing the nation’s small business job creators and proposing solutions to fix them,” said Alfredo Ortiz, president and CEO of the Job Creators Network. “To get the economy working for everyone again, we need more people like Rep. Hultgren who is committed to bringing small businesses back.”
Read the full text of the Bring Small Businesses Back Tax Reform Act here. View the poll results here. Read the white paper JCN released earlier this year assessing the state of American small businesses here. Find out more information about the campaign at DefendMainStreet.com.
To schedule an interview, contact Andrew Ransom at [email protected] or (916) 258-2396.
The Job Creators Network (JCN) is the voice of real job creators that has been missing from the debate on jobs and our economic crisis. JCN members talk about paychecks, not politics, helping the public and policymakers understand how to create jobs. For more information, please visit www.JobCreatorsNetwork.com.