Husted joins small businesses in Upper Sandusky

“Conversations with small business owners in Upper Sandusky made clear that when small businesses succeed, Ohio succeeds.” View Husted’s remarks here . UPPER SANDUSKY, OH – Sen. Jon Husted (R-Ohio) hosted a roundtable with Ohio small business owners and entrepreneurs in Upper Sandusky, highlighting National Small Business Week and discussing his efforts in the Senate to support Ohio’s job creators. “Ohio’s 1.1 million small businesses employ more than 2.2 million people and are the backbone of our economy. Conversations with small business owners in Upper Sandusky made clear that when small businesses succeed, Ohio succeeds. I’ll continue fighting in the Senate to cut taxes and give our small businesses the freedom to grow, hire and compete,” said Husted. Husted supports key legislation to deliver relief and expand opportunities for small businesses across Ohio. In July, Husted supported the Working Families Tax Cuts Act, which includes major provisions to support small businesses and their workforce: Makes the 20% small business tax deduction permanent. This will deliver $4,600 in average tax relief to 8 million entrepreneurs around the country. Doubles the small business expensing limits for new investments in machinery, equipment and software. Creates 1.2 million new jobs this year. Includes a $7,000 tax cut for 12 million small business owners. Cuts taxes on tips and overtime, saving tipped and overtime workers up to $1,750 per year. Husted is also working on legislation in the Senate to expand access to capital, reduce regulatory burdens and help small businesses compete in a modern economy: 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. The Senate and House have passed the Investing in All of America Act, and it will be signed into law by the President. AI for Mainstreet Act : This bill would provide training, guidance and support to American small businesses looking to implement artificial intelligence (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.