ALFREDO ORTIZ: Republican Tax Cut Bill Will Boost The Labor Market

Job creation and wage growth exceeded expectations again as the U.S. economy and labor market remain solid thanks to President Trump’s pro-growth, pro-energy policies. Friday’s jobs report showed 139,000 jobs were created last month, and the unemployment rate stayed at 4.2%.

Small businesses and the private sector were responsible for these new jobs, with substantial gains in the leisure and hospitality sector and more declines in federal government positions. That’s a stark contrast from last year’s labor market, which was propped up by nearly 500,000 government jobs. Small businesses are confident and staffing up for summer.

Today’s jobs market is just a taste of what’s to come when the Federal Reserve lowers interest rates, improving small business access to credit, and Republicans pass their big, beautiful bill (BBB), which expands and makes permanent the Tax Cuts and Jobs Act.

New JCN polling finds 70% of small businesses will create jobs, expand operations, boost worker wages, or reinvest in their communities if the TCJA is extended. Economists estimate the BBB’s small business provisions will create over 1 million new jobs, drive $750 billion in economic activity, and grow GDP by up to 3.8%.

This legislation does more than make permanent a lower tax framework; it safeguards the future of American entrepreneurship and shields families from what would otherwise be one of the largest tax increases in our country’s history — a looming 22% average hike