The dining room is wrapped in naturalistic wallpaper.
Rob Karosis Photography for Sotheby’s International Realty
WASHINGTON – As Congress gears up for negotiations ahead of the 2017 tax law’s expiration, economists and small-business owners urged U.S. lawmakers Thursday to extend or make permanent the Trump-era tax cuts.
Business owners from West Virginia and Wisconsin testified at a hearing before members of the House Committee on Ways and Means, advocating for the continuation of deductions that they say allowed them to reinvest in their operations.
The Tax Cuts and Jobs Act of 2017, which expires at the end of 2025, allowed some business owners to deduct up to 20 percent of qualified business income. The bill also temporarily cut taxes on new equipment purchases and other qualified assets, but those incentives are phasing out.
For individuals, the TCJA temporarily lowered marginal tax rates across most income levels and expanded the standard deduction and child tax credit, among other changes.
Large corporations saw the top corporate tax rate permanently drop to 21 percent from 35 percent.
“Seven years ago, Republicans passed the Tax Cuts and Jobs Act under President Trump, delivering relief to millions of families and small businesses and creating the best economy in our lifetime,” Committee Chair Jason Smith, a Missouri Republican, said during his opening remarks.
“Here’s the bottom line: Congress must act soon to prevent what will be the largest tax hike in history on workers, families, farmers, and small businesses,” he later added.
Democrats on the committee slammed the bill as a “corporate tax giveaway.”
“We knew that their tax scam would disproportionately benefit the wealthy and well-connected. We knew that it wouldn’t pay for itself. We knew that big corporations, not their workers, would feel the most benefit,” said the committee’s ranking member, Richard Neal of Massachusetts.
The Democratic-invited witness, Kathryn Anne Edwards, a labor economist at the RAND Corporation, said “unless the intention of the 2017 tax law was to directly transfer income to the richest Americans at incredible expense to ordinary Americans, it was a failure.”
Extending the law could cost the government between $3.3 trillion and $3.6 trillion over the next 10 years, Edwards told the panel, citing estimates from the Committee for a Responsible Federal Budget and the Tax Policy Center.
But small business owners say the law has been a financial lifeline.
Michael Ervin, founder of Coal River Coffee Company in St. Albans, West Virginia, told the panel that his five-year-old business has benefited from the 2017 tax code changes, particularly the temporary income deductions for sole proprietorships, partnerships, and S-corporations.
“After the passage of the Tax Cuts and Jobs Act, LLCs, and other pass-through businesses like mine were able to benefit from the newly minted Small Business Deduction, also known as the 199(a) deduction. This provision has allowed me to deduct up to 20 percent of my business income, which has let me invest in my business, my employees, and my community,” said Ervin, who employs roughly a dozen people.
If Congress does not extend the special deduction or make it permanent, Ervin told lawmakers that he will face a “significant tax hike” and be at a disadvantage compared to nearby large businesses.
“Down the street from my location is a larger competitor, Tim Hortons. In two years, if my taxes go up, the corporate rate will remain 21 percent. Tim Hortons will be paying a 21 percent federal rate and a 6.5 percent state corporate rate for a total combined rate of 27.5 percent, while my total combined rate will be closer to 45 percent. This disparity will make it extremely difficult for me to compete,” Ervin told lawmakers.
Austin Ramirez, president and CEO of the Wisconsin-based Husco International Inc., also told the panel that the pass-through deduction has “leveled our playing field with our peers organized as corporations.”
Husco, a privately held family-owned manufacturer of hydraulic and electromechanical parts for vehicles, employs about 1,600.
Ramirez said the TCJA enabled his business to do the “most significant renovation of our Waukesha, Wisconsin, headquarters in 70 years.”
The company has invested $50 million to renovate its office space and shop floor, allowing the addition of nearly $150 million to its top line since 2017, Ramirez said.
Going forward, Smith said, congressional tax writers should note that the law “provided a critical blueprint that Congress can build upon to make lasting improvements to our tax code.”
“The House has already shown strong bipartisan support for key provisions of the 2017 law by passing the Tax Relief for American Families and Workers Act earlier this year. But there is still much work to be done,” he said, referencing a bill he sponsored and negotiated with Democratic Sen. Ron Wyden of Oregon.
The hearing happened against the backdrop of stalled negotiations in the U.S. Senate on the act referred to by Smith, a short-term tax bill that garnered rare widespread bipartisan support in the House in January.
The bill, which would temporarily revive expired or expiring business tax breaks and expand the child tax credit, passed on a 357-70 vote.
While House Republicans overwhelmingly supported the legislation, GOP senators oppose provisions of the bill that would temporarily expand the refundable portion of the child tax credit and allow households to calculate the credit based on their previous year’s earnings, if higher than the current year’s.
Business owners at a February hearing before the Senate Committee on Finance implored the upper chamber to pass the bill.
Ramirez, the Waukesha business owner, also expressed on Thursday to the committee his support for the Tax Relief for American Families and Workers Act, which would revive an expired 2017 incentive for businesses that allowed them to immediately write off research and development expenses.
“Husco’s inability to expense these costs since 2022 has cost us more than $20 million in liquidity, wiping out a large portion of the TCJA benefits and creating a disincentive to invest in innovation,” Ramirez testified.
Other temporary measures enacted under the TCJA expire on Dec. 31, 2025.
For many travelers, the goal of a trip is to enjoy a relaxing, peaceful experience. While getting out in nature can help with that, you also want to consider the safety of the place you’re going. When it comes to safety, New Hampshire is one of your best bets. The pretty East Coast state is known as the safest in America — perfect for a stress-free vacation. There’s one state park, in particular, that promises a great mix of mountains, lake access, and beautiful scenery, all within a short drive of some attraction-filled cities. Pawtuckaway State Park spans over 5,500 acres and features a 700-foot beach, a fire tower, lots of wildlife sightings, and an array of trails. It also has a highly reviewed camping area, plus plenty of winter recreation opportunities. The adult day-use fee is around $5 at the time of writing, and you won’t have to go too far off the beaten path to experience everything the area has to offer.
Pawtuckaway State Park is located almost perfectly between Concord and Portsmouth. Thanks to the park’s relatively easy access to State Route 101, both cities can be reached in under 40 minutes with normal traffic conditions. For travelers located too far away to consider a road trip, Manchester-Boston Regional Airport is one of the most convenient entryways, at half an hour southwest. If you can’t find any good flight options here, try Boston Logan International Airport. It’s over double the distance, but you’ll be far more likely to book a direct line. Either way, public transportation options are virtually non-existent, so a rental is your best bet.
Read more: 5 Abandoned National Parks And Monuments That No Longer Exist
view from a trail in Pawtuckaway State Park, New Hampshire – Mike Mccauley/Google Reviews
One of the most notable aspects of the park is its access to the Pawtuckaway Mountains, a rocky range estimated to date back over 100 million years. Hiking and biking trails are scattered all over, many of which reward you with beautiful vistas at the top. The pathway through South Mountain and up to the fire tower is one of the most popular picks. You can also climb the tower for the unobstructed, 360-degree view of your surroundings. Just keep an eye out for wasps. The trail itself stretches over 5 miles, and hiking it can take up to three hours. Try to keep this map handy, as it makes it easy to find the paths, boundaries, gates, facilities, and more. Visitors describe the atmosphere as peaceful and colorful, and the trails as well-kept, well-marked, and easy enough to navigate, though they come in an array of difficulty levels.
If you can’t decide on which one to tackle first, see if you can spend a night at the park’s campground and space out your excursions. All sites are equipped with a picnic table, a fireplace, and a parking spot, not to mention you get access to running water, coin-operated showers, a vessel launch, and even a small shop. You can bring a pet along, but be warned that there aren’t any RV hookups and you’ll have to reserve your space beforehand. Campers often compliment the spaces’ size and lakefront scenery, and they also mention a generally private feel. Looking for a more well-rounded day trip option? Concord is an ideal spot. The picturesque New Hampshire city offers the ultimate blend of historic charm and nature.
people sunbathing and swimming on a sandy beach in Pawtuckaway State Park, New Hampshire – Milan BALAZ/Google Reviews
Water lovers who already know that New England’s most underrated, charming little coastline belongs to New Hampshire will be happy to learn that Pawtuckaway State Park offers its own version of a waterfront haven. Pawtuckaway Lake is a space where you can boat, kayak, and even sunbathe, thanks to its nearby family-friendly beach. The beach can get a bit busy, but it’s sandy, surrounded by trees, and equipped with a swimming spot. Floating accessories can be used, too, and there’s usually no lifeguard. Another important warning to keep in mind is that Pawtuckaway is one of the multiple New Hampshire lakes teeming with snakes, so it’s worth reading through this guide on what you should know before going swimming.
Kayaking, in particular, is a popular activity around here. You’ve got plenty of rental options nearby, but be prepared for some water traffic. Still, visitors say that it’s easy to make your way through the waters, and the prices are reasonable, not to mention that the overall atmosphere remains safe and relaxing. It’s one of the best ways to explore all the little islands scattered around the lake.
“Laid-back” is a term sometimes used to describe the whole park, and even if you don’t feel up for a kayaking session, you can always make the most out of the area’s lake access by fishing instead. Some common species you might come across include largemouth and smallmouth bass, crappie, and perch. Just keep in mind that the use of lead-weighted hooks has been banned here since 2016. Moreover, anyone 16 years old or older needs to have a valid license, which you can obtain here.
Ready to discover more hidden gems and expert travel tips? Subscribe to our free newsletter and add us as a preferred search source for access to the world’s best-kept travel secrets.
Read the original article on Islands.
Set above the Atlantic, Balmoral is not just a house but a fragment of another era. Built in 1930 as the summer residence of businessman and former New Hampshire governor Huntley N. Spaulding, the estate carries the quiet dignity of New England: elegant yet understated and designed to impart a sense of permanence.
The architecture reflects that stately sensibility, with a classic Colonial Revival facade that gives way to interiors scaled for both gracious entertaining and relaxed family living. And with more than 12,000 square feet over three floors (two above ground, one below), the house has six bedrooms and an equal number of bathrooms, plus four powder rooms.
The dining room is wrapped in naturalistic wallpaper.
Rob Karosis Photography for Sotheby’s International Realty
Tour a New Hampshire Estate That Served as a Retreat for Mark Twain
A 36-foot-long entrance gallery opens to an ocean-view formal sitting room with a fireplace—one of half a dozen throughout the house—along with a spacious sunroom lined in lattice panels. Elsewhere is a fireside study painted tomato red, a walk-in wet bar, a dining room wrapped in delicate wallpaper depicting slender marsh reeds, and a wood-paneled library. Complemented by a large butler’s pantry and a built-in dining banquette, the kitchen flows into a casual dining area and family room. Off to one side is an oversized mudroom with hard-wearing brick floors and an integrated dog-washing station.
Three of the guest bedrooms have private bathrooms and two others share a compartmentalized Jack-and-Jill bath, while the primary suite occupies its own wing of the upper level, comprising a bedroom, a private sitting room, two fitted dressing rooms, and two bathrooms. Another of the home’s unique features is a walk-in closet custom-fitted as a gift-wrapping room.
Lattice wall panels add a sense of structure and refinement to the sunroom.
Rob Karosis Photography for Sotheby’s International Realty
This Martha’s Vineyard Home Has 10 Bedrooms and 14 Bathrooms
A major reconstruction and later updates carefully reworked the home for modern living, layering in amenities like a wine cellar, a fitness space, and updated guest quarters, all without disturbing the symmetry and restraint that define its original character. The grounds offer vast carpets of emerald lawns, clipped hedging, and a four-car carriage house with a garden bath and a second-floor studio apartment for guests or staff with a full kitchen and bath.
Balmoral, priced at $20 million and available via Tony Jalbert of Tate & Foss Sotheby’s International Realty, presides over 3.1 acres within Little Boar’s Head, a small enclave in the seaside community of North Hampton that has, for over a century, attracted a particular kind of resident. This is not where celebrities or attention-seekers come to see and be seen, but rather an under-the-radar spot favored by financial power players, political figures, and low-profile multi-generational families. Homes here are often held for decades and frequently pass quietly, introduced to the market when timing, rather than necessity, dictates a change.
Click here for more photos of the historic coastal estate in New Hampshire.
Rob Karosis Photography for Sotheby’s International Realty
It’s been a little over a year since New Hampshire police departments started signing agreements with federal Immigration and Customs Enforcement to help enforce immigration law in the state.
ICE now has 15 local partnerships, which are encouraged by Gov. Kelly Ayotte, and these so-called 287g agreements have contributed to a notable uptick in arrests here. Immigration arrests have doubled in the last 15 months. Of 429 people arrested, local agencies made 51 of them.
What’s in for local police? In part, money. ICE offers at least $100,000 in stipends, and local police departments are using that money to pay for operating expenses.
We talk about this on this edition of the New Hampshire News Recap.
Also, the state’s youth detention center continues to make headlines. Authorities are investigating recent allegations of abuse against children at the Sununu Youth Services Center in Manchester. Lawmakers and advocates are also raising concerns about leadership of the center.
In other news, there’s good news for Franklin. In a bit of a comeback story, the city’s high school was just named the top high school in the state.
Guests:
Lions draft grades Reacts survey: Grade the full 2026 class
The final Jordan Mason trade results are in
Dallas Severe Weather: Tornado watch until 11 p.m.
Cowboys Must Call Dolphins For All-Pro LB Trade After Miami’s 2026 Draft Haul
PICK IS IN: WR Lewis Bond from Boston College drafted at No. 204 overall
New Broncos TE Justin Joly posts welcome message
Seattle Mariners Win a Home Run Derby vs St. Louis Cardinals 11-9
San Diego Manager Gives Stone-Cold Response to Hirving Lozano Return Speculations