The Minnesota Star Tribune published an op-ed from Pam Mansfield, the owner of Pam Mansfield CPA in Kerkhoven, Minnesota and member of the National Federation of Independent Business (NFIB), urging Congress to make the 20% small business deduction permanent. The small business deduction helped numerous small businesses nationwide following the passage of the Tax Cuts and Jobs Act of 2017, and unless Congress extends the provision, it will expire this year.

Read the full op-ed here: https://www.startribune.com/a-tax-hike-would-crush-my-small-business-and-community/601213793

Mansfield writes:

“Will this be the year when running a small business becomes almost impossible?

“This is the question I keep asking myself. President Donald Trump and Congress can provide the answer. Before the end of the year, small businesses like mine will face one of the biggest tax hikes in American history — unless our leaders stop it. They need to act as soon as possible, for the sake of our employees and our communities.

“This coming tax hike is actually the result of the 2017 tax-cut law. It’s usually known for giving big corporations permanent relief. It also gave small businesses a huge reduction in our tax burden — a 20% deduction on business income. But unlike corporations, our relief is temporary. Come Dec. 31, it will disappear entirely.”