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Op-Ed: Tax Day Shows Benefits of President Trump’s Tax Reform for Nation, Florida

Op-eds
This past Monday was Tax Day, perhaps the least appealing day on America’s national calendar. This year, however, President Donald Trump’s Tax Cuts and Jobs Act gave Americans something to smile about. Today, I am in the Miami area discussing tax reform and the positive impact the U.S.-Mexico-Canada Trade Agreement (USMCA) will have for Florida. As many Floridians may have noticed, the average...
Export and investment promotion
Tax reform

Tax Cuts and Jobs Act Creates Opportunity Zones to Spur Investment in Underserved Areas

Blog
Henry Childs II, National Director of the U.S. Department of Commerce’s Minority Business Development Agency (MBDA)
The following is a cross-post from the U.S. Minority Business Development Agency (MBDA) Opportunity Zones are a tool created by the Tax Cuts and Jobs Act of 2017 to spur investment on underserved areas. They offer investors a tax incentive by investing their unrealized capital gains into a designated “Opportunity Fund.” Did you know that there are $2.3 trillion of unrealized capital gains in the...
Minority business growth
Tax reform

The Tax Cuts and Job Act: New Low Taxes and New Investments to Distressed Communities

Blog
Photo of U.S. Commerce Secretary Wilbur L. Ross
Today marks the first Tax Day under the new President Trump Tax Code, this massive tax cut benefits everyday working families and supports American businesses. In 2018, Americans started benefiting from the President’s Tax Cuts and Jobs Act as their take-home pay increased due to a lower tax burden and companies large and small passed the benefits of the business tax cuts on to their employees in...
Investing in communities and workers
Minority business growth
Tax reform

Tax Cuts Act a Win for American Business and the American Worker

Blog
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Earlier this week, Congress passed the first overhaul of the U.S. tax system in more than three decades. The historic Tax Cuts and Jobs Act will cut taxes across the board for working families and businesses both large and small. The Act also will make American more competitive, will bolster continued job creation and will help increase wages for American workers. “President Trump’s tax plan will...
U.S. economy
Jobs
President Donald J. Trump
Tax reform

Statement from U.S. Secretary of Commerce Wilbur Ross on Q3 2017 Three Percent Economic Growth

Press releases
"Today’s release of the gross domestic product growth for Q3 2017 proves that President Trump’s bold agenda is steadily overcoming the dismal economy inherited from the previous Administration. This is a remarkable achievement in view of the recent hurricanes which have shattered so many lives. As we work together to help those areas recover, I am confident that they will rebound stronger than...
Economic indicators
U.S. economy
President Donald J. Trump
Tax reform

Tax Reform Means Better Business for America

Blog
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Yesterday, U.S. Commerce Secretary Wilbur Ross joined President Donald J. Trump at a White House event honoring the 2017 winners of the National Minority Enterprise Development Week Award. During the event, both President Trump and Secretary Ross addressed how the Unified Framework for Tax Reform will help bring back the competitive edge for American businesses and industries, allowing American...
Minority business growth
Minority Enterprise Development (MED) Week
President Donald J. Trump
Tax reform

Commerce Secretary Ross Addresses Importance of Tax Reform in Empowering Minority-Owned Businesses

Blog
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U.S. Commerce Secretary Wilbur Ross yesterday addressed minority businesses from across the country and stressed the need for tax reform in advancing economic growth, empowering small business owners and bringing more jobs back to the U.S. During a keynote address to the Minority Business Development Agency’s Minority Enterprise Development (MED) Week, Secretary Ross reaffirmed the Administration...
Minority business growth
Minority Enterprise Development (MED) Week
Tax reform

Statement from U.S. Secretary of Commerce Wilbur Ross on President Trump's Tax Reform Plan

Press releases
"President Trump’s tax plan will make our tax code more simple and fair, and help American business stay competitive. Accomplishing these objectives will lead to increased economic growth, and, most importantly, better jobs for the American worker. Our nation’s 3.6 million truckers will directly benefit from middle-class tax cuts and will benefit further from the growth spurred by corporate tax...
U.S. economy
Jobs
President Donald J. Trump
Tax reform

Commerce Secretary Ross Kicks Off Hispanic Heritage Month, Stresses Need for Tax Reform

Blog
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Last week, U.S. Commerce Secretary Wilbur Ross kicked off National Hispanic Heritage Month and stressed the commitment by the U.S. Commerce Department and the Trump Administration to the long-term economic growth of the Hispanic business community. During his address at The Latino Coalition’s Capturing the Momentum Summit, he outlined the importance of the minority business community to the U.S...
Minority business growth
Hispanic Heritage Month
Tax reform

Statement from Secretary Wilbur Ross on President Trump’s Tax Reform Plan

Press releases
"Once again President Trump is delivering on his promises. The president's tax plan will put more money in every working family's pocket, bring back cash that is trapped overseas, and help convince both American and foreign businesses to build their next plants here. It will unshackle American businesses, which are hobbled on the world stage by an oppressive corporate tax rate that is the highest...
U.S. economy
Jobs
President Donald J. Trump
Tax reform