Press Releases

WASHINGTON – In a video released today to highlight the contributions of Nevada’s small businesses during National Small  Business Week, U.S. Senator Dean Heller (R-NV) shared how tax reform is helping spur economic growth in the Silver State and support local job creators, workers, and hardworking families. Watch the video HERE or by clicking on the image below.

According to the Small Business Administration, small businesses in Nevada employ more than 450,000 workers.


Click HERE or the above image to play.

 

The full transcript is available below:

Hi, I’m Senator Dean Heller, and I want to take a moment to recognize Nevada’s small business owners during National Small Business Week.

Small businesses are responsible for employing nearly half of the nation’s workforce, including 450,000 jobs here in the state of Nevada alone.

As a strong supporter of Nevada’s 246,000 small businesses, I am always looking for solutions that will make it easier for them to succeed.

For years, I have fought to reform our broken tax system, and that’s why I was proud to be a part of the team that crafted the Tax Cuts and Jobs Act – a new law that puts small businesses in Nevada ahead.

This historic legislation lowers rates for pass-through businesses and enacts 100 percent expensing for equipment so that owners can buy more efficient, safer machines.

And while it’s only been a few months since the president signed our bill, Nevadans are already benefitting from the new law’s positive impact. For example: 

  • In Ely, a local hotel is using savings from the tax bill to give its employees a $500 bonus and raise their wages.
  • In Sparks, A-1 Steel credited the tax bill for being able to implement eight paid holidays for its workers next year.
  • In the Reno area, Great Basin Brewery is purchasing new equipment and giving higher raises to their staff members according to a recent report.
  • In Las Vegas, Universal Plumbing and Heating’s president said that he was able to pay out bonuses of up to $1,000 dollars to all of his employees, purchase new trucks, and even hire several more workers.

And I’m hopeful this is just the start. During a phone call with the National Federation of Independent Business in Nevada, roughly 9 in 10 Nevada business owners said that because of the new law they plan to take similar action.

Additionally, I’m pleased to report that as a result of my push, the Cadillac tax has been delayed for two years. In Nevada alone, more than 1 million workers who have employer-sponsored health insurance plans would have been hit by this misguided tax.

While this is great news, there is still more work to be done to fully repeal this harmful tax, and I’ll continue fighting for Congress to pass a bill I introduced that would do just that.

With my strong support, last year alone Congress repealed 15 onerous regulations, a reversal so historic that it’s expected to save $3.7 billion in total regulatory costs and eliminate 4.2 million hours of paperwork.

Congress should be doing all that it can to support the entrepreneurial spirit and help America’s small businesses innovate, hire, and expand.

That’s because I’m a firm believer that when small businesses succeed, Nevada succeeds.

So I will continue to stand up each day for the local job creators who drive our local economies in Nevada and around the country. And I’ll also continue promoting policies that will help ensure that the Silver State remains one of the fastest growing workforces in the nation.

Thank you.

 

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