<p>CRS’s Gravelle Analyzes TCJA Effect on Small Businesses</p>

CRS’s Gravelle Analyzes TCJA Effect on Small Businesses

Congressional Research Service

In July 24 testimony before the House Small Business Committee, Jane G. Gravelle of the Congressional Research Service described how the Tax Cuts and Jobs Act can affect small businesses, specifically through economic growth that increases product demand and lower tax burdens that allow for more investment, but said incentive effects would likely be offset by increased deficits.

<p>In July 24 testimony before the House Small Business Committee, Jane G. Gravelle of the Congressional Research Service described how the Tax Cuts and Jobs Act can affect small businesses, specifically through economic growth that increases product demand and lower tax burdens that allow for more investment, but said incentive effects would likely be offset by increased deficits.</p>