Small Business Majority testifies on closing corporate tax loopholes

Wednesday, January 17, 2024

On January 17, Small Business Majority CEO and Founder John Arensmeyer testified before the U.S. Senate Budget Committee in a hearing titled “The Great Escape: Closing the Corporate Loopholes that Reward Offshoring Jobs and Profits.” He shared comments on how the 2017 Tax Cuts and Jobs Act (TCJA) has failed to deliver for Main Street America and called on Congress to make the international tax code more equitable to ensure America’s small businesses are not left picking up the tab that remains unpaid by the largest corporations.