While the overall economy is still digesting the effects of the new tax code, the nation’s small businesses are reaping the benefits of the tax cuts, by using their savings to invest in their businesses.
“The new tax law has had an immediate positive impact on my family business’ ability to invest in our store and local community,” Wettlin Treppendahl, fourth-generation retailer and owner of Treppendahl Super Foods from Woodville, Mississippi said at a congressional hearing on July 25.