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Rep. Roger Williams says tax changes and 100% expensing are priming Main Street for growth; urges passing appropriations before Jan. 20
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Summary
U.S. Rep. Roger Williams, chair of the House Small Business Committee, told a SiriusXM interview that permanent tax cuts, regulatory relief for community banks and 100% expensing are helping small businesses, and he urged Congress to pass appropriations before Jan. 20 to avoid another shutdown.
U.S. Rep. Roger Williams, chair of the House Small Business Committee, said in a SiriusXM interview that permanent tax cuts and a provision allowing businesses to expense fixed assets fully in the purchase year are positioning Main Street for growth, and he warned lawmakers against another government shutdown ahead of Jan. 20.
Williams, who said he still owns car dealerships in Texas and employs hundreds of people, described the current moment as one in which businesses have inventory and a labor pool ready to hire. "If we get 1 more tax cut, which I think we will in December, I think Main Street America will really get a jump start," he said. He added, "we got 100% expensing, which holds true for small business, big business, where they can buy a fixed asset and write it off 100% the year they get it."
Williams also highlighted regulatory relief for community banks, saying regulations had made small lenders reluctant to make loans. He argued those changes help small borrowers: "It was almost cheaper not to make the loan than to make the loan," he said. On estate policy, Williams said the inheritance (estate) tax threshold was raised "from 15,000,000 to 30,000,000," describing the change as a lifeline for family farms.
The congressman framed his economic view around risk and reward: "This country is built on risk and reward," he said, urging that competition and entrepreneurship benefit consumers as well as business owners. He asserted that nearly all U.S. firms are small businesses and that they account for roughly half the payroll.
On appropriations and near-term fiscal deadlines, Williams criticized past shutdowns as unnecessary and said lawmakers should avoid repeating those mistakes: "Shutdowns are not—don't benefit anybody," he said, urging the House to complete appropriations before Jan. 20 and expressing uncertainty about the Senate's response.
The interview included partisan critique and optimism about business prospects: Williams said prior policies had dealt "death blows" to some businesses and consumers, but he expressed confidence that recent legislation and regulatory changes would help recovery. The interview closed with standard signoffs and an invitation to return to the program.
The interview covered policy claims and statutory references as stated on air; the amounts and program names cited are reported as spoken by Williams.
