NFIB Weekly News
Small Business Owners Urge Congress to Prioritize the Small Business Deduction (04/15/2024)
The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, issued the following statement from President Brad Close on Tax Day 2024:
“On this Tax Day, small business owners want to see Congress take action and make the 20% Small Business Deduction permanent. Unlike their larger competitors, small business owners are at risk of a significant tax hike if the Small Business Deduction expires in 2025. As small businesses represent nearly half of the GDP, passing the Main Street Tax Certainty Act should be a top priority for Congress and the administration. We are encouraged that this important bipartisan legislation has been introduced in both Chambers and urge Congress to pass it.”
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