Tax reform misrepresented

I’m frustrated at the frequent misrepresentation of the recent tax reform. Congressional candidate Lisa Brown repeatedly claims that 80 percent of the tax reduction went to high-income earners. The reality is very different, as I know from firsthand experience.

I own a business in Spokane which is a Subchapter S corporation. Many small businesses share this designation. It means that my personal income is added to my business income for taxation purposes. The fact is that my business income is reinvested to pay for equipment upgrades and to hire additional employees. Very little ends up in the business owner’s pocket in cash. In the past that investment was taxed as high as 39.5 percent. The new tax reduction allows me to reduce debt or reinvest at a more rapid rate.

The Tax Cuts and Jobs Act championed by Cathy McMorris Rodgers is having a much broader positive impact than many might realize. It significantly helps family-owned small businesses. It’s allowing them to expand and hire more people, growing jobs and boosting our local economy. To suggest otherwise is not accurate.

Mark Sonderen, chairman of Sonderen Packaging

Spokane