Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Home Depot and small‑business owners tell House committee lower taxes funded hiring and investment
Summary
Corporate and small‑business witnesses told the House Ways and Means Committee the 2017 law's lower corporate rate, pass‑through deduction and bonus depreciation spurred hiring, wage increases and capital investment, and that expirations would reduce competitiveness and investment.
Karen DeWalt, vice president for global tax at The Home Depot, told the House Ways and Means Committee that the corporate rate reductions under the 2017 Tax Cuts and Jobs Act enabled increased investment and hiring. DeWalt said the company ‘‘paid $5,000,000,000 in corporate income taxes’’ in 2023 and described multi‑billion dollar investments in supply‑chain facilities and wage increases that followed enactment of TCJA.
Small‑bu…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
