Tax Cuts and Jobs Act: A Missed Opportunity for Latino-Owned Businesses and Latino Workers

Abstract

Republican leadership in Congress and the Trump Administration missed an opportunity to fuel economic mobility for working people. Instead, Congress passed and President Trump signed, the Tax Cuts and Jobs Act (TCJA) which is already giving massive financial windfalls to the wealthiest Americans and largest corporations but has done little to nothing for middle-class and working families. This written statement focuses on how the TCJA affects Latino families, Latino-owned businesses, and implications for spending on important federal support programs.