Congressman Lloyd Smucker of the State of Pennsylvania is talking with Gene Marks about his sponsored bill, the Main Street Tax Certainty Act. Tune in to this episode of Paychex THRIVE, a Business Podcast, to hear what he had to say about where this bill stems from, what types of businesses this act will support, more about tax rates and previous acts, and much, much more.
Topics Include:
00:00 – Episode preview
01:02 – Welcome, Congressman Lloyd Smucker
01:30 – Introduction to the Main Street Tax Certainty Act
02:20 – What businesses this act supports
03:30 – What a small business is defined as
03:58 – Growing the economy
05:28 – Where this bill stems from
07:01 – Tax rates
07:32 – Tax Cuts and Jobs Act
11:05 – Main Street Tax Certainty Act
12:10 – Where the bill goes from here
12:40 – Who has endorsed this bill
13:45 – Any opposition to this bill
15:03 – Success of Tax Cuts and Jobs Act
18:02 – Outlook of the future
20:49 – Wrap up
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DISCLAIMER: The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
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