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WASHINGTON – Today, House Small Business Committee Chairman Steve Chabot (R-OH) released the following statement after the U.S. Department of Labor released figures indicating the lowest filings for unemployment benefits in five decades.
“With productivity on the rise and unemployment claims at a 49-year low, it is evident that small businesses are experiencing the ripple effect our economy is creating,” said Chairman Chabot (R-OH). “Through the Tax Cuts and Jobs Act, not only are small businesses able to provide higher wages and benefits to their employees, but they are also able to reinvest their funds to create better opportunities for their firms and the millions of Americans they employ. Optimism is also on the rise, thanks to the Administration’s deregulation efforts, and more workers are being added to the workforce as a result of the demand from the new tax law.”
Last week, the Q3 Metlife & U.S. Chamber of Commerce Small Business Index released a survey revealing that small business owners are optimistic about their companies and the overall small business environment.
In addition, on July 25, the Committee held a hearing in which small business owners praised the recent tax cuts and expressed optimism about the overall economy.
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