releases: https://www.billnelson.senate.gov/newsroom/news/bill-nelson-gop-tax-plan-would-burden-florida-small-biz
Data license: MIT · Data source: dwillis/congress-press
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| https://www.billnelson.senate.gov/newsroom/news/bill-nelson-gop-tax-plan-would-burden-florida-small-biz | Bill Nelson: GOP tax plan would burden Florida small biz | 2017-11-21 | 2017 | 2017-11 | Democrat | House | FL | Bill Nelson | N000032 | www.billnelson.senate.gov | legacy | Senator Bill Nelson brought his campaign against the GOP tax cut plans Tuesday to Orlando, where some local business people also sounded off in opposition to much of the plan. Nelson has toured several Florida cities to meet with business people about tax reform. His message is focused on the impact of the proposed tax packages on Florida, where the economy has a high percentage of small businesses. The House of Representatives plan offers a permanent tax cut to large multinationals, down to 20 percent. But small businesses generally are cut to 25 percent. That would be much lower than current tax rates, which range as high as 39 percent. However, for many small businesses, the lowered rate would only apply to 30 percent of their income. After that, the income would be taxed at their individual tax rate. “People don’t realize … when they’re cutting the turkey or reaching for the cranberry sauce Thursday … the U.S. Senate is about to sock them in their wallet,” Nelson said. Dawn Kallio, who runs a local marketing and promotions firm with her wife, told Nelson she has to compete with large corporations. “If the playing field benefits big corporations like this, I will go out of business,” said Kallio, co-owner of Bowled Over Promotions. Michael Minton, a Fort Pierce tax attorney with Dean Mead, said he was at the roundtable partly as a representative of Orlando Economic Partnership (which includes the Orlando Regional Chamber) and for Florida TaxWatch. Neither of those groups has taken an official stand regarding the specific tax package bills in Congress. Minton said the OEP hasn’t had a meeting since the bills were introduced. Another tax attorney from Dean Mead, Stephen Looney, said he opposes the GOP tax plans because they shift the tax burden to small businesses, and many of the provisions that cut taxes for small business and individuals would expire, whereas the corporate tax cuts are permanent. Nelson also believes the tax cuts won’t help the national debt, which is currently $20 trillion. “Where are the deficit hawks?” he said. Nelson said the tax reform bill passed in the House and a similar bill pending a vote in the Senate were rushed to a vote during the holiday season, to avoid public scrutiny. Linda McMahon, the Small Business Administration chief appointed by Trump, has praised the House for passing its tax cut bill, and called for “real tax reform” after the Senate bill is debated. “Real tax-reform means tax cuts for middle-class families; simplifying the code; and cutting taxes for businesses of all sizes so they can grow, create new jobs, raise wages for workers, and increase their competitiveness in the global marketplace … just as the President promised during the campaign,” McMahon said in her statement. | 1 | 2026-03-30T12:14:52Z | 2026-03-30T12:14:52Z |