SPRING CITY U.S. Sen. Pat Toomey (R., Pa.) toured a Spring City company Tuesday to push his bipartisan plan that he said uses tax reform to make it easier for people to start and grow small businesses.
The Start-Up Jobs and Innovation Act, which Toomey and U.S. Sen. Robert Menendez (D., N.J.) introduced in November, would permanently cut taxes for people who invest long-term in small businesses in the United States.
The bill would also let companies write off their first $500,000 in equipment costs rather than deducting those costs over several years. Toomey said this would make growing cheaper and easier for companies.
"It's just a good, commonsense way to grow the economy and create jobs," Toomey said.