DuPAGE COUNTY – Across Illinois’ 6th Congressional District, small business owners are weighing in on what tax reform means for their businesses, their employees and their families. Representative Peter Roskam (R-IL), Chairman of the Tax Policy Subcommittee, has been leading the effort to reform the federal tax code.
“We have taken a critical step towards putting more money into the pockets of Americans. As tax reform becomes a reality, I’m encouraged by the optimism and excitement of the small business owners throughout the district,” said Rep. Roskam.
Owners of small businesses in Roskam's district provided the 6th CD office with comments on proposed tax changes:
Zach Mottl, Chief Alignment Officer at Atlas Tool and Die: “This is exactly what a small company like ours needs. Lower taxes means more money for me to invest in my company, and a simpler system means less money that I need to spend on accountants.”
Dave Hill, Superior Ambulance: “As a Chicagoland business we are thrilled to see tax reform move forward. These changes to the tax code will help us purchase more ambulances, hire more employees, and grow our business.”
John Carpenter, Choose DuPage: “We are pleased to see the work of Congressman Roskam and others to improve our tax code. These changes are a big win for our middle class investors!”
Steve Romanelli, Core Pipe: “I am very much in support of this new tax reform bill. Companies in the sixth district need tax reform to thrive.”
Mike McGrath, McGrath Lexus: “Yes, very strongly support tax reform, we are the ones being hurt by this current tax code, and we are being taxed to death. We need tax reform, and this is the best path forward. I am all for it.”
Troy Mertz, Gilberts Development: “Congressman Roskam’s bold work to cut taxes for small businesses creates the capital we need to reinvest in our communities! This once in a generation opportunity to lower taxes forces government to be more responsible with how they spend our money and puts reasonable restraint on future expenditures.”
Brad Stepson, Barrington Bank and Trust: “We’ve seen a lot of companies who are playing the ‘wait & see’ game. Tax reform helps move business forward and helps them invest and hire more employee.”
Andrew Johnson, Graphic Packaging: “We really need this tax reform. Having a fair and balanced tax system is what helps businesses thrive.”
Doug McAllister, Douglas Automotive: “This tax reform is exactly the kind of thing we need to improve our business, purchase more equipment, and hire more employees. We are definitely taking a step in the right direction.”
David Dykstra, Wintrust Financial Corporation: “Tax reform would be tremendously beneficial to the economy, and most importantly, the American people. Our customers, both consumers and businesses, need lower taxes and a simpler tax system which will boost economic growth and create jobs. Most importantly our borrowers are telling us they need tax reform to happen soon so they have certainty in order to make informed plans and investments in their businesses. And our individual consumers need tax relief to bolster their savings and increase their purchasing power.”
Mary Johnson, Millennium Trust Company: “Millennium Trust’s businesses support American retirement savings. We strongly support tax reform that increases the household income of middle-class families, encourages retirement savings, and increases the resources available for retirement.”
Colin Wickstrom, Wickstrom Ford: “As an auto dealer, tax reform would help us to keep growing our business, retain and hire more employee and invest in our company’s future.”
I’m not sure if I agree with any of these people.
I too work in a small real estate business. In the Chicago area property taxes continue to skyrocket with no end in sight. How do we cut property taxes? On the proposed tax bill, Illinois businesses will no longer get the SALT deduction, which is state and local tax deduction meaning we will pay more federal income tax. This is NOT a tax cut.
Why not just cut federal income tax 1% across the board for everybidy? This could be a one page bill. Whyva 400 page bill? Also, the tax reform proposal makes no mention of spending cuts. . It all seems like a lot of smoke and mirrors.
state and local deductions from long form.. gone.
cap at $500,000 for mortgage interest deduction.
Medical Deduction. gone.
you all look over your tax returns mark down those deductions.
it’s going to decimate the real estate market, it’s going to hurt people who are paying mortgages higher than $500,000. Its going to hurt families with very large medical bills sapping their income… no more deduction for them!
Even teachers will no longer be able to deduct out of pocket school supply expenses!
The GOP is AMORAL. Get that into your thick skulls.
Corporations to the GOP are more important than human beings. Get that into your skulls.
Tax bill in current form adds 1.8 Trillion to the deficit over 10 years. CBO has not been discredited on things like this by the Trump admin has it?