Small Business Owners Discuss Small Business Deduction with Rep. Lloyd Smucker

August 1, 2024

Small Business Owners Discuss Small Business Deduction with Rep. Lloyd Smucker

YORK COUNTY, Pa. (Aug. 1, 2024) – NFIB small business members met with Congressman Smucker (PA-11) today to discuss the Small Business Deduction during a walking tour and a small business round table. NFIB members Wendy and Marci Bittner of Loshaw Thermal Technology joined the round table discussion. “It is always a great occasion when a member of Congress meets with real small business owners and hears their experience first-hand,” said Melissa Morgan, NFIB Pennsylvania Assistant State Director. “Congressman Smucker has been a leader in making the Small Business Deduction permanent and introduced the Main Street Tax Certainty Act which would do just that. He understands that unless Congress acts, Pennsylvania small businesses will see a significant tax hike at a time when they can least afford it. We thank Congressman Smucker for his time meeting with Pennsylvania small business owners today.” The 20% Small Business Deduction (Section 199A) allows small businesses organized as pass-throughs (S corporations, LLCs, sole proprietorships, or partnerships) the ability to deduct up to 20% of qualified business income and is scheduled to expire in 2025. Ninety percent of American small businesses are structured as pass-through entities. The Main Street Tax Certainty Act would make the 20% Small Business Deduction permanent and is a top legislative priority for small businesses.

Topics:

Taxes

State:

Pennsylvania

Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Learn More