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How Did The Tax Cuts And Jobs Act Of 2017 Effect Small Businesses?, Jackson Pittman
How Did The Tax Cuts And Jobs Act Of 2017 Effect Small Businesses?, Jackson Pittman
Accounting Undergraduate Honors Theses
The Tax Cuts and Jobs Act (TCJA) of 2017 marked a significant overhaul of the United States tax system, promising to stimulate economic growth and enhance the competitiveness of American businesses. Amidst its broad-reaching reforms, the TCJA introduced several provisions directly impacting small businesses, aiming to alleviate their tax burdens and foster entrepreneurial activity. This thesis endeavors to evaluate the multifaceted effects of the TCJA on small businesses, examining its implications for their financial performance, investment behavior, and overall economic contribution.
Preliminary findings suggest that the TCJA has produced a generally positive result for small businesses. On one hand, reduced …