A federal judge in Alabama sided with a small business trade association and ruled a key component of the Corporate Transparency Act unconstitutional.
It’s a blow to the Biden administration and related efforts to improve money laundering controls among smaller business entities, though we expect an appeal.
Presented by Americans for Prosperity
The Tax Cuts and Jobs Act gave families $1,500 yearly, boosted small businesses, and strengthened U.S. competitiveness. Allowing it to expire would jeopardize this progress. Congress: Renew the TCJA to secure growth and prosperity for all.
