WASHINGTON, D.C. (July 2, 2025) – The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, designated H.R. 1, the One Big Beautiful Bill Act as adopted by the U.S. Senate, as an NFIB Key Vote for the 119^th Congress. NFIB sent a letter to the U.S. House of Representatives urging lawmakers to finish the job and stop a massive tax hike on small business.

“After months of debate, Congress is on the doorstep of historic legislation that would provide permanent tax relief for 33 million small businesses,” said Adam Temple, NFIB Senior Vice President for Advocacy. “By making the 20% Small Business Deduction permanent, the One Big Beautiful Bill Act will free small businesses to invest in their businesses and employees – benefiting communities all over America. NFIB strongly encourages Members of Congress to support the Senate amendment to H.R. 1 and send it to President Trump for his signature.”

Read the full letter here.

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. If this deduction is not made permanent, taxes will increase on over 30 million small businesses at the end of 2025. The One Big Beautiful Bill Act would make the Small Business Deduction permanent and avoid a massive tax hike on a majority of America’s small businesses.

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For over 80 years, NFIB has been advocating on behalf of America’s small and independent business owners, both in Washington, D.C., and in all 50 state capitals. NFIB is nonprofit, nonpartisan, and member-driven. Since our founding in 1943, NFIB has been exclusively dedicated to small and independent businesses, and remains so today. For more information, please visit nfib.com.