New Study Confirms Rep. Smucker, Sen. Daines Small Business Tax Deduction Supports Millions of American Jobs, Spurs Economy
September 09, 2024
September 09, 2024
WASHINGTON, Sept. 9 -- Rep. Lloyd Smucker, R-Pennsylvania, issued the following news release:
Congressman Lloyd Smucker (PA-11) and U.S. Senator Steve Daines (R-MT) today shared a new study from Ernst and Young (EY) highlighting the economic activity supported by their small and family-owned business tax deduction. The Section 199A deduction provides a 20 percent deduction for pass-through businesses, allowing these businesses to reinvest their hard-earned capital, increase wages, a . . .
Congressman Lloyd Smucker (PA-11) and U.S. Senator Steve Daines (R-MT) today shared a new study from Ernst and Young (EY) highlighting the economic activity supported by their small and family-owned business tax deduction. The Section 199A deduction provides a 20 percent deduction for pass-through businesses, allowing these businesses to reinvest their hard-earned capital, increase wages, a . . .