WASHINGTON, D.C. – Today, the House Committee on Small Business is holding a hearing titled “Lower Taxes, Stronger Main Street: The Benefits of the Working Families Tax Cuts.”

 

Chairman Roger Williams’ opening statement as prepared for delivery:

 

Welcome to today’s hearing titled, “Lower Taxes, Stronger Main Street: The Benefits of the Working Families Tax Cuts.”

 

To begin, I want to thank our witnesses for joining us today and sharing their expertise and experiences. It is important to hear about the practical realities and impact of the Working Families Tax Cuts Act that Congressional Republicans and the Trump Administration delivered for the American people.

 

Your perspectives will help the Committee continue to craft policy that serves the needs of small businesses.

 

I also thank my colleagues for joining us as we learn how the Working Families Tax Cuts Act is benefiting Main Street.

 

Today, the Committee will examine the provisions of the Working Families Tax Cuts Act – the largest tax cuts in American history – that are especially beneficial to small businesses. We will hear how these provisions provide greater stability and predictability, enabling small businesses to make strategic, long-term business decisions with confidence.

 

In addition, the Committee will explore how the Working Families Tax Cuts Act supports broader economic recovery by putting more money back in the hands of small businesses, expanding their capacity to reinvest in their businesses, and strengthening the economy.

 

From 100% expensing to no tax on tips, this bill is already putting more money back into hardworking Americans’ pockets.

 

In fact, just the other day I was dining at a restaurant in my district and a waitress came up to me to tell me that the no tax on tips was allowing her to send her daughter to cheerleading camp.

 

This is a simple yet impactful story of how this bill supports Main Street.

 

Small business owners have demonstrated remarkable grit and resilience in the face of ever-evolving challenges. As a car dealer myself, I’ve experienced many of these challenges right alongside them. The Working Families Tax Cuts Act offers critical support and stability at a time when small businesses need it most.

 

For small businesses to thrive, they must have the agency and flexibility to allocate their capital and resources in ways that reflect their unique priorities and circumstances.

 

The Working Families Tax Cuts Act provides that freedom, empowering small businesses to make the strategic decisions necessary to grow, invest, and succeed.

 

This hearing is an important opportunity for the Committee to deepen its understanding of how tax policy directly shapes the success and stability of small businesses and to identify where our work must continue.

 

We are committed to ensuring that our tax code works for small businesses, entrepreneurs, workers, and their families who drive our economy.

 

I want to thank all of our witnesses again for joining us today, and I look forward to the conversation ahead.

 

With that, I yield to our distinguished Ranking Member from New York, Ms. Velázquez, for her opening remarks.

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