Husted, Small Business Administrator Loeffler in Cambridge for Ohio small business roundtable

“Ohio is ranked the number-one state to do business, and our unemployment rate has reached record lows.” CAMBRIDGE, Ohio – Sen. Jon Husted (R-Ohio) hosted U.S. Small Business Administration (SBA) Administrator Kelly Loeffler at the Bear’s Den Steakhouse in Cambridge for a roundtable with local business leaders to discuss how the Working Families Tax Cuts Act and the administration’s pro-growth policies are supporting small businesses in southeastern Ohio. “Ohio is ranked the number-one state to do business, and our unemployment rate has reached record lows. That success is the result of pro-growth policies we’ve worked for years to put in place. I was honored to welcome Administrator Loeffler to Cambridge to see an Ohio small business firsthand and hear directly from local business owners about what we can do to help them grow, create jobs and keep Ohio one of the best places to live, work and run a business,” said Husted. “I am grateful to Senator Husted for hosting an engaging roundtable with small business owners from Cambridge and the surrounding communities. It’s clear that local job creators are in growth mode – with historic relief from the Working Families Tax Cuts for Main Street businesses and workers. Thanks to Senator Husted’s leadership, the Trump Administration’s tax cuts, deregulation and fair trade agenda is restoring Made in America, starting right here in Ohio,” said Loeffler. This visit builds on Husted’s work to help Ohio workers, manufacturers and small businesses. In the Senate, Husted is supporting: Made in America Manufacturing Financing Act: This bill would expand access to growth capital for small U.S.-based manufacturers. Investing in All of America Act: This bill would expand access to capital for small businesses in rural and low-income communities, as well as those in the manufacturing and critical technology sectors. AI for Mainstreet Act: This bill would provide training, guidance and support to American small businesses looking to implement AI into their businesses. Repealing Big Brother Overreach Act: This bill would eliminate the requirement for small businesses to report beneficial ownership information to the Treasury Department, which is burdensome and overreaching. Husted also supported the Working Families Tax Cuts Act, which includes significant tax relief for small businesses and their employees. The law: Makes the 20% small business tax deduction permanent, providing an estimated $4,600 in average tax relief to 8 million entrepreneurs nationwide and supporting the creation of 1.2 million jobs annually over the next decade. Doubles Section 179 expensing limits for investments in machinery, equipment and software. Provides an average tax cut of $7,000 for 12 million small business owners. Cuts taxes on tips and overtime, saving eligible tipped and overtime workers up to $1,750 annually.