Giving workers a raise, investing in new machinery. Small business owners have long wish lists to choose from if the Trump administration’s plan to lower tax rates becomes law — but most don’t expect to go on a hiring binge.
Some owners and small business groups hoped the dramatic cuts in corporate and personal taxes proposed Wednesday could mean more savings to invest in their businesses and more revenue coming in from consumers and businesses with some extra money to spend.
Brian Hart, the sole owner of a public relations company in Philadelphia, said he would reinvest any tax savings into Flackable, but doesn’t expect to have enough to hire employees. But lower tax rates could give his small business clients more money to spend on marketing, and that could mean expanding his staff down the road.
“It could ease the tax burden on the companies we work with so