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Bakery owner warns of devastating impact on small businesses if Trump's tax cuts aren't extended


Published on 2024-12-31 20:01:12 - MSN
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  • The Dessert Ladies co-owners Geraldine Keogh and Lindsay Smith discuss the business' success under Trump's first presidency and the potential impact of the president-elect's term on the future of small businesses.

The video from MSN Money discusses the potential economic impact on small businesses if former President Trump's tax cuts are not extended. A bakery owner expresses concerns that the expiration of these tax cuts could lead to devastating effects on small businesses. The owner highlights that the tax reductions have allowed for reinvestment in the business, hiring more staff, and expanding operations. Without the tax relief, small business owners might face increased financial strain, potentially leading to reduced growth, layoffs, or even closure. The video underscores the importance of these tax policies for the survival and prosperity of small enterprises, which are vital to the U.S. economy.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/economy/bakery-owner-warns-of-devastating-impact-on-small-businesses-if-trump-s-tax-cuts-aren-t-extended/vi-AA1wLVJ6 ]