This bill is important, as I had learned from small businesses in Texas last week as I traveled around the state. And I asked them what was the impact of The Tax Cuts and Jobs Act that we passed in 2017 during President Trump's first term allowed [small businesses] to hire new employees, to invest in new equipment to grow their business. provide more job opportunities for hardworking Texans. And the truth is that unless we extend those expiring provisions soon, then all of that will go away and they'll have to begin to cut employment. (11:52–12:09)
CLAIM
Asserts that the 2017 Tax Cuts and Jobs Act enabled small businesses to expand and hire more employees.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
