NFIB urges Congress to make the 20% Small Business Deduction permanent
GREEN BAY, WISC. (August 13, 2024) – Jeff Brabant, Vice President of Federal Government Relations for the National Federation of Independent Business (NFIB), the nation’s leading small business trade association, joined WCUB today to explain to listeners in Green Bay why Congress should make the 20% Small Business Deduction permanent and stop the upcoming massive tax hike on Wisconsin small businesses.
Listen to the interview here: https://youtu.be/2iP8YcoMpNA and learn more at www.SmallBusinessDeduction.com
The 20% Small Business Deduction was created as a part of the 2017 tax law to level the playing field between small businesses and larger corporations. It has empowered small business owners to overcome the economic challenges of the last few years – but it’s set to expire at the end of 2025. The Main Street Tax Certainty Act would make the 20% Small Business Deduction permanent and avoid a massive tax hike on a majority of America’s small businesses.
