| Kansas City, Missouri – Ways and Means Committee Chairman Jason Smith (MO-08), joined by Reps. Ron Estes (KS-04) and Mark Alford (MO-04), hosted a roundtable discussion at Superior Linen Supply Company in Kansas City, Missouri on Monday to hear from local business leaders across various industries about how Congress can build on the success of the 2017 Trump tax cuts and prevent the Biden-Harris Administration’s promised $7 trillion tax hike next year.
“After more than 100 Tax Teams events in 19 states, one thing is clear – American families, small businesses, and farmers who are already struggling in the Biden-Harris economy cannot afford a tax increase next year. I appreciated the opportunity to meet with local job creators in my home state of Missouri to hear their perspectives on how disastrous the Biden-Harris tax hikes would be and discuss how Congress can build on the success of the Trump tax cuts in 2025 to not only prevent the Democrats planned tax increases, but also deliver real relief to workers, families, and businesses,” said Chairman Smith.
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“U.S. innovators, job creators and small businesses across the country continue to share the message that America needs a common sense, consistent tax code that encourages growth and doesn’t penalize our workers and family businesses. In the Kansas City area, Kansans and Missourians discussed the importance of renewing and expanding the Tax Cuts and Jobs Act which provided economic benefits for workers and families. The average Kansas household will see their taxes increase by more than $2,200 if Congress does nothing – that’s not acceptable. As chair of the U.S. Innovation Tax Team, I’m working to make sure our tax code is fair and reignites economic growth,” said Rep. Estes.
“It was an honor to join Chairman Jason Smith and the Ways and Means Committee for a critical roundtable discussion at Superior Linen Supply Co. in Kansas City. This meeting allowed us to directly speak with local business and insurance leaders, whose firsthand experiences are vital in shaping our legislative efforts. The Tax Cuts and Jobs Act has been a fundamental tool in easing business constraints and cutting taxes. Hearing from the folks who are directly impacted by this key law is critical in providing Congress with real-world insights that guide our decisions as we work on a tax package next year,” said Rep. Alford.
The roundtable in Kansas City is the latest in over a hundred events the Ways and Means Committee Tax Teams have held in communities across the United States to prepare legislative solutions before the expiration of key provisions of President Trump’s signature 2017 tax law.
During the event, Chairman Smith and Reps. Estes and Alford heard directly how vital provisions from the Trump tax cuts, including the Section 199A small business deduction and Opportunity Zones, are to American businesses’ ability to expand, hire new employees, invest in their communities, and grow wages. Roundtable participants underlined the consequences they will face if the Trump tax cuts’ small business provisions were allowed to expire, which would increase the tax rate paid by small businesses to over 43 percent.
Roundtable attendees included:
To learn more about the work of the Ways and Means Committee Tax Teams, click here.
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