Imagine living the American Dream, taking a risk to build a business from nothing, only to watch your tax dollars subsidize the government-backed competitor across the street.That is exactly what is happening in New York, where a coalition of small business owners went to court last week to stop the Mamdani regime from using taxpayer dollars to compete directly against them.That is socialism on Main Street.That is the Democratic Party's economic agenda.NEW YORK CITY IMMIGRANT BUSINESS OWNERS ARE PLANNING TO SUE MAMDANI OVER TAXPAYER-FUNDED SUPERMARKETSSmall businesses are not merely one sector of the American economy.
They are the American economy.There are roughly 36 million small businesses across the country, employing nearly half of America’s private-sector workforce.For more than 50 years, my family has operated a car dealership in Weatherford, Texas.
In all that time, I have never been the sole dealer in my market, nor have I asked the government to make me one.In our business, we compete for our customers, and they, not the government, decide who wins.MILLIONS TAP TRUMP TAX CUTS THIS FILING SEASON AS REFUNDS TOP $3,400That is capitalism.Socialism takes that choice away.
It does not build a better store.The government picks up the tab, leaving the small business owner across the street to compete against an opponent whose losses are someone else’s problem.CAPITALISM IS ABOUT INCENTIVES.
STOPPING THE STUPIDITY OF SOCIALISM IS A BIG INCENTIVERepublicans chose a different path.Through the Working Families Tax Cuts , we made the 20% small business deduction permanent, giving Main Street businesses the certainty to invest, expand, and hire.On average, 8 million small business owners are keeping an extra $4,600 — helping them breathe a little easier.Full expensing, for example, allows a machine shop to deduct the entire cost of qualifying new equipment in the year it's purchased.
We also ended the tax on tips and overtime pay so hardworking Americans ca...