Cape News

Kansas City, Missouri – Ways and Means Committee Chairman Jason Smith (MO-08), along with Representatives Ron Estes (KS-04) and Mark Alford (MO-04), held a roundtable discussion at Superior Linen Supply Company in Kansas City. The event aimed to gather insights from local business leaders on how Congress can continue the momentum of the 2017 Trump tax cuts and prevent a proposed $7 trillion tax increase by the Biden-Harris Administration next year.

"After more than 100 Tax Teams events in 19 states, one thing is clear – American families, small businesses, and farmers who are already struggling in the Biden-Harris economy cannot afford a tax increase next year," said Chairman Smith. He emphasized the importance of preventing the proposed tax hikes and delivering relief to workers, families, and businesses.

Representative Estes highlighted the need for a stable tax code that fosters growth. "U.S. innovators, job creators and small businesses across the country continue to share the message that America needs a common sense, consistent tax code that encourages growth and doesn’t penalize our workers and family businesses," he stated. Estes pointed out that without action from Congress, average Kansas households could see their taxes rise by over $2,200.

Rep. Alford expressed gratitude for participating in the roundtable discussion. "It was an honor to join Chairman Jason Smith and the Ways and Means Committee for a critical roundtable discussion at Superior Linen Supply Co. in Kansas City," he said. He noted that input from local business leaders is crucial for shaping legislative efforts related to taxation.

The Kansas City meeting is part of over a hundred similar events organized by the Ways and Means Committee Tax Teams across various U.S. communities. These gatherings aim to develop legislative solutions before key provisions of President Trump's 2017 tax law expire.

During this event, participants discussed essential elements of the Trump tax cuts such as Section 199A small business deduction and Opportunity Zones. Business leaders shared concerns about potential increases in small business tax rates if these provisions expire.

Attendees included representatives from companies like Superior Linen, H&R Block, Lockton Companies, Xtreme Gymnastics & Motus Ninjas, Rieger Distillery, Crossland Construction, Burns & McDonnell, T-Mobile, 4-State Supply, Black & Veatch, and J.E. Dunn.

For further information on the work of the Ways and Means Committee Tax Teams, additional resources are available online.