Del Norte Triplicate

Letter: Repeal the Tax Cuts and Jobs Act

D
Del Norte Triplicate
June 30, 2023 at 07:00 AM
2 min read
3 years ago
The time has come to reassess the Tax Cuts and Jobs Act and its impact on our society. This legislation, which promised widespread benefits, has proven to be a detriment to the very pillars of our economy. Here are key reasons why we must prioritize its repeal:- Benefiting Corporate America: The Tax Cuts and Jobs Act disproportionately favors corporate giants, widening the wealth gap and stifling fair competition for small business owners.- Hurting Small Business Owners: Small businesses, the backbone of our communities, face tremendous challenges under this act. Burdensome regulations and unequal advantages leave them struggling to survive.#placement_573654_0_i{width:100%;max-width:550px;margin:0 auto;}var rnd = window.rnd || Math.floor(Math.random()*10e6);var pid573654 = window.pid573654 || rnd;var plc573654 = window.plc573654 || 0;var abkw = window.abkw || '';var absrc = 'https://ads.empowerlocal.co/adserve/;ID=181918;size=0x0;setID=573654;type=js;sw='+screen.width+';sh='+screen.height+';spr='+window.devicePixelRatio+';kw='+abkw+';pid='+pid573654+';place='+(plc573654++)+';rnd='+rnd+';click=CLICK_MACRO_PLACEHOLDER';var _absrc = absrc.split("type=js"); absrc = _absrc[0] + 'type=js;referrer=' + encodeURIComponent(document.location.href) + _absrc[1];document.write('');- Deficit Spending: The Act’s tax breaks have come at a steep cost, adding to our national deficit and burdening future generations with unsustainable levels of debt.- Driving Up Market-Based Inflation: The policies of the act have contributed to market-based inflation, making everyday essentials less affordable for hardworking families and individuals.- Job Killer: Contrary to its name, the Act has failed to deliver on its promise of job creation. Instead, it has resulted in job losses and hindered employment growth, particularly in small businesses.- Hurting Family Homes and Family-Owned Businesses: The Tax Cuts and Jobs Act poses a threat to family homes and mom-and-pop businesses, undermining the very fabric of our local communities and eroding generational wealth.- Discouraging Small Business Startups: The act’s complex regulations and unequal playing field discourage aspiring entrepreneurs from pursuing their dreams, stifling innovation and economic growth.It is imperative that we address these pressing issues by repealing the Tax Cuts and Jobs Act. Let us foster an economy that prioritizes fairness, empowers small businesses, and encourages the entrepreneurial spirit for the betterment of all Americans.Terry Dean BrooksCrescent City googletag.cmd.push(function() { googletag.display('ad-1515727'); });

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Article Details

Published June 30, 2023 at 07:00 AM
Reading Time 2 min
Category general