How Trump’s Tax Reform Plan Could Reignite U.S. Business Growth

A document on a desk that reads Trump's Tax Plan.

In a compelling op-ed for InsideSources, former U.S. Representative Drew Ferguson (R-GA) emphasizes that President Trump’s renewed tax reform agenda isn’t just about cutting taxes but about unleashing American enterprise’s full potential. Drawing from his experience on the House Committee on Ways and Means, Ferguson underscores how lowering the corporate tax rate to 15% and making the Trump-era tax cuts permanent could provide the breathing room small businesses, manufacturers, and entrepreneurs need to hire, invest, and expand.

Rep. Drew Ferguson: “This isn’t just about tax cuts. It’s about unlocking the full potential of American enterprise.”

Former U.S. Representative Drew Ferguson (R-GA), a longtime member of the U.S. House Committee on Ways and Means, published an op-ed in InsideSources today urging swift passage of President Trump’s renewed tax reform agenda.

In the piece, Ferguson argues that America’s economic engine runs on its job creators, small businesses, manufacturers, and entrepreneurs. He argues that cutting the corporate tax rate to 15%, making the Trump-era tax cuts permanent, and introducing new pro-growth incentives, such as deductions for American-made goods, will give businesses the room they need to hire, invest, and expand.

Ferguson, who retired from Congress in 2024, previously served in House leadership and worked closely with President Trump on policies to lower taxes and jumpstart economic growth.

He now calls on his former colleagues to act quickly, warning that every day of delay is a missed opportunity to revitalize American industry and reclaim global leadership in innovation and growth.

The op-ed from Ferguson can be read in full below.

Inside Sources: Trump’s Secret Sauce: Tax Less, Build More

By Drew Ferguson, former U.S. Representative for Georgia’s Third Congressional District and a former member of the House Committee on Ways and Means

During my time in Congress, I fought hard for pro-growth tax policies that empower the engine of our economy: American businesses. Right now, we have a golden opportunity to unleash that engine thanks to the bold tax reform agenda President Donald Trump and the Republicans in Congress are proposing.

At his recent rally in Michigan, President Trump made it clear: America’s economic comeback starts with cutting taxes that punish productivity and investment.

But here’s the key- it’s not just about workers keeping more of what they earn. It’s about giving job creators the breathing room they need to grow, hire, and compete.

President Trump’s push to expand and lock in pro-business tax cuts through the upcoming reconciliation bill is more than good policy. It’s essential. As someone representing small towns and family-owned businesses across Georgia, I’ve seen how the right tax structure can revitalize a community.

Lower taxes mean more capital to reinvest in equipment, hiring, and expansion. It also means entrepreneurs taking risks again and manufacturers bringing operations back to the U.S., which is a good thing.

This is a plan designed for Main Street, not K Street. Lowering the corporate tax rate to 15%, making the Trump-era tax cuts permanent, and adding new deductions for things like auto loan interest on American-made vehicles are real incentives that directly fuel American productivity.

The reality is this: when business thrives, America thrives.

Cutting taxes on small businesses and manufacturers creates a ripple effect. More jobs, higher wages, and stronger communities. It means more shift workers clocking in, more family-run shops staying open, and more American-made goods moving off the line.

Those claiming this is a handout to the rich are missing the point.

This is about empowering the businesses that create good-paying jobs and make up the backbone of our economy. It’s about the diner owner in rural Georgia trying to expand, the car parts manufacturer in Ohio bidding on a new contract, or the family-run farm in Iowa investing in next year’s harvest.

President Trump also wants to eliminate taxes that hit the middle class hardest, like those on tips, overtime, and Social Security benefits. That’s real relief for working Americans. However, the real multiplier effect comes when we cut taxes on job creators. That’s how we reignite growth and restore opportunity across the country.

We’ve done it before.

I was proud to support the 2017 Tax Cuts and Jobs Act, which brought us record-low unemployment and revitalized American industry. Now it’s time to go further.

This reconciliation bill gives Congress the vehicle to act without partisan gridlock. The U.S. House has already taken steps, and the U.S. Senate must follow. Every day we delay is a missed opportunity for American business.

Let me be clear. This isn’t just about tax cuts. It’s about unlocking the full potential of American enterprise. It’s about helping the local welder hire an apprentice, giving the startup founder the margin of scale, and allowing manufacturers to onshore their supply chains for goods.

To my former colleagues in Congress: don’t squander this moment.

Support the president’s tax plan. Let’s get business booming again and let America lead the world in growth, innovation, and strength.

Ferguson’s call to action is clear: Congress must act swiftly to implement President Trump’s tax reform agenda and capitalize on a golden opportunity to reignite American economic growth. The U.S. can strengthen its position as a global leader in innovation and economic vitality by empowering job creators through strategic tax cuts and incentives. Read Ferguson’s full op-ed in InsideSources to learn more about his vision for a more prosperous American enterprise landscape.

HFA actively engages with policymakers, industry stakeholders, and our members to shape the future of the home furnishings retail sector. Through legislative advocacy, education, and collaboration, we ensure that the voices of home furnishings retailers are heard and their interests are protected.

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