Dunkin’ Donuts Independent Franchise Owners (DDIFO) along with the Coalition of Franchisee Associations (CFA) and other franchisee associations have all signed on to support The Small Business Tax Cut Act which was introduced by Majority Leader Eric Cantor. The tax cut bill, if passed, would decrease small business owners’ taxable income and increase bottom lines. Specifically, The Small Business Tax Cut Act would allow franchise owners to deduct 20 percent of their income from taxes, up to 50 percent of their W-2 wages.
After review by the CFA Government Relations Committee, the CFA a was one of the first associations to sign onto the bill.
The DDIFO Board of Directors and the DDIFO Roundtable voted overwhelming in support of the Small Business Tax Cut Act.
DDIFO is supportive of Small Business Tax cuts, no matter which side of the aisle that proposal may come. It’s the small businesses in America that truly will create jobs and continue to move the economy in a positive direction, and offering them more capital to work with will only help further the cause.