Congress has a decision to make. Hang American small business owners out to dry, or lock in a tax system that allows America’s entrepreneurs to thrive?

That’s the question Congress must answer when deciding whether to renew critical expiring provisions of the 2017 Tax Cuts and Jobs Act.

Passed by Congress less than a year into President Donald Trump’s first term, Tax Cuts and Jobs Act implemented tax cuts, structural reforms and simplifications that helped produce the booming American economy of 2018 and 2019. The results? Fifty-year unemployment lows and rapid gains in median household income—prosperity that would have continued apace if not for COVID-19 and the ensuing massive glut of federal spending.

But if the Tax Cuts and Jobs Act is allowed to expire at the end of the year, nobody will be hit........

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