Restaurants Hail Passage of Tax Plan

The new tax plan will spur economic activity, which is a big win for the restaurant industry.

In an article from Nation’s Restaurant News, author Bret Thorn writes, “Trade associations and other bodies representing foodservice and food retailers hailed Congress’ passing of the Tax Cuts and Jobs Act, but some trade unions and other organizations condemned the bill”.

In the article, Thorn discusses:

  • Changes in the the corporate tax rate
  • Small restaurants are the big winners

“We’re hopeful that this new tax bill will provide our franchise partners the opportunity to continue growing their businesses and provide more local employment opportunities. Small businesses are the backbone of the economy; it’s time they get the relief they deserve,”Michael Abt, CEO of 360-unit Huddle House, said. Will your restaurant be positively impacted by the new tax bill?

To read more, see the full article from Bret Thorn in Nation’s Restaurant News.