The Federal Tax Code: Small Business Provisions and Latinos
The “Tax Cuts and Jobs Act,” the latest tax bill from House Republicans, would result in a massive tax cut for the richest Americans and big corporations, while providing little, if any, tax relief to working- and middle-income families.
Instead of helping Latino-owned small businesses, the tax proposal would heavily benefit businesses like private equity firms, hedge funds, and real estate developers. Revenue lost through these massive tax cuts would explode the deficit and lead to devastating cuts in spending on important programs like health care, nutrition, education, and housing, jeopardizing the well-being of Latino families.
