Jacki has been sounding the alarm for weeks that the most sweeping attempt at criminalizing law-abiding citizens in U.S. history – the so-called “Corporate Transparency Act” or “CTA” - could turn tens of millions of small business owners into felons overnight on January 1, 2025 - simply for failing to learn about the requirement of filing a form disclosing the owners of one’s small business. Surveys showed that very few small business owners were even aware of the new law’s existence, yet this failure could result in two years in prison! The great news this month is that a federal judge in Texas has preliminarily enjoined, or halted, the enforcement of this law until further proceedings. While the law is not dead, the law-abiding small business owners upon which the economy is built now have a temporary reprieve. Jacki predicts that courts will kill the law in its entirety on multiple grounds of unconstitutionality. While we celebrate, let us not fail to recognize the law for what it was: an attempt to create grounds to round up tens of millions of Americans for spurious, unlawful reasons. Whether you are running a small business in the oil patch or a hair salon, you were on the chopping block.  The country dodged the biggest authoritarian bullet yet.

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