We're also committed to making other small business tax relief from the Tax Cuts and Jobs act permanent, like bonus depreciation and the Section 199A deduction. The National Federation of Independent Business reports that Making the small business section 199A deduction permanent would result in the creation of an additional 1.2 million jobs annually. with that number climbing as the law goes on. And the Tax foundation reports that long run GDP would increase by a substantial 1.1%. That means more jobs and more opportunities for American workers. (01:33–01:43)
CLAIM
Asserts that making the Section 199A deduction permanent would create 1.2 million jobs annually.
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