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Newsom Meets San Fernando Business Owners, Signs $6 2B Tax Relief Measure

By City News Service Apr 30, 2021 SAN FERNANDO (CNS) - Gov. Gavin Newsom today visited San Fernando business owners who have struggled through the COVID-19 and signed legislation designed to provide $6.2 bill in tax cuts for hard-hit small businesses over the next six years. “Help is on the way in the form of a $6.2 billion tax cut, which will provide support, not to large publicly traded companies, but to the mom-and-pop businesses the beauty salons, restaurants and dental offices – which have been resilient during this difficult time, Newsom said. “This small business tax relief is exactly what is needed to keep businesses open so they can continue paying their employees.

Governor Newsom to provide $6 2 billion tax cut for small businesses

Governor Newsom to provide $6.2 billion tax cut for small businesses Published  LOS ANGELES - The pandemic has greatly impacted small businesses, forcing many to close. On Thursday Governor Gavin Newsom signed legislation providing a tax cut for small businesses.  The governor visited San Fernando business owners who have struggled through the COVID-19 and signed legislation designed to provide $6.2 bill in tax cuts for hard-hit small businesses over the next six years. Help is on the way in the form of a $6.2 billion tax cut, which will provide support, not to large publicly traded companies, but to the mom-and-pop businesses the beauty salons, restaurants and dental offices which have been resilient during this difficult time, Newsom said. This small business tax relief is exactly what is needed to keep businesses open so they can continue paying their employees.

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