HARRISBURG – Pennsylvania Chamber of Business and Industry President and CEO Luke Bernstein today issued the following statement after Congress passed the Big Beautiful Bill Act:
“Making the 2017 tax cuts permanent represents a significant victory for economic growth, investment, and job creation. This legislation provides the certainty employers need to compete and expand. Provisions like bonus depreciation, the R&D deduction, and the now-permanent small business deduction will drive innovation and accelerate economic momentum across Pennsylvania.
“This bill also delivers meaningful tax relief for working Americans and middle-class families — preventing what would have been the largest tax increase in history and helping people keep more of what they earn. No legislation is perfect, but we shouldn’t let perfection stand in the way of progress. This bill will boost our economy and set the Commonwealth up for long-term success.
“We commend the members of the Pennsylvania congressional delegation and Senator McCormick who supported these pro-jobs provisions, as well as the Trump administration, for delivering a major policy achievement.”