Economy

Economy, General Waste, IRS, Small Business

Small Businesses Are Prospering from Tax Cuts

April 9, 2026 Grigory Menshikov

As Tax Day approaches, small businesses are benefitting from several provisions of H.R. 1, the Working Families Tax Cuts (WFTC) package, signed into law by President Donald Trump on July 4, 2025. The bill made permanent and increased from 20 percent to 23 percent the Qualified Business Income (QBI) deduction, which was supposed to expire […]

Taxes, Economy, General Waste

Reconciliation Bill Moves the Country in the Right Direction

May 16, 2025 Eric Maus

Taxpayers should be viewing the ongoing efforts to pass the “Big Beautiful Bill” also known as budget reconciliation with excitement as the committees wrap up their work on their sections of the bill. On May 13, 2025, the House Committee on Ways and Means finalized its section of the reconciliation bill, setting the country on […]