A Significant Increase in Your Tax Bill.

Author:Cresanti, Robert

You might have heard those words if not for the Tax Cuts and Jobs Act, signed into law in December 2017. The job creation and economic growth picture in the first half of 2018 may have been different as well. The American economy added more than 1.3 million new jobs in the six months after the passage of the tax bill, notes U.S. Labor Secretary R. Alexander Acosta in this month's cover story on page 10. The tax law has resulted in around $8 billion in federal tax savings for franchise businesses.

"President Trump's tax cuts will continue to encourage businesses to invest in their people--their greatest resource--and to create jobs, more jobs, and even more jobs," he said. We also asked Sec. Acosta about Association Health Plans, the skills gap, joint employer, apprenticeships and other Department of Labor workforce development initiatives.

Speaking of champions for franchising, this edition of the magazine also features a...

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