Re: “,” Dec. 5 Megan Schrader column.
Megan Schrader’s criticism of the recently passed Senate tax bill overlooks a major benefit: a new 23 percent small-business tax deduction.
The ability to protect nearly one-quarter of my business income from taxes will give me the ability to expand my drive-in movie theater operations, hire more employees, and give my existing employees raises. In short, it will allow me to better compete with the big cinema chains that can afford high-priced accountants to find loopholes to reduce their tax burdens (not to mention high-priced, job-replacing technology to offset increasing payroll costs associated with Colorado’s New Year’s minimum wage hike).
This tax deduction provision is limited to businesses that earn $500,000 a year or less, meaning itap off limits to the law, investment and accounting firms (i.e., the rich). Thatap why I’m confused about the media characterization of the bill as a gift to the wealthy at the expense of the middle class. As this small-business provision demonstrates, this narrative is backwards. Colorado’s 600,000 small businesses and I appreciate Sen. Cory Gardner’s support.
ܲdz𱹲, Commerce City
The writer is CEO of 88 Drive-In Theatre.
Submit a letter to the editor via or check out our for how to submit by e-mail or mail.
