WASHINGTON, D.C. (May 8, 2026) – The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, sent a letter to U.S. Senate Majority Leader John Thune and U.S. Speaker of the House Mike Johnson in support of advancing a reconciliation package that builds on the success of the Working Families Tax Cuts Act which made the 20% Small Business Deduction permanent. The letter outlines crucial reforms in tax, regulatory, and healthcare policy any reconciliation package should include to ensure small businesses remain a driving force of economic opportunity.

“The 119th Congress has already been a huge success for small businesses,” said NFIB President Brad Close. “Last year, Congress and the White House prevented a massive tax increase on millions of small businesses by making the 20% Small Business Deduction permanent. As Congress works to further unleash the economic prosperity that small businesses provide to local communities all across America, NFIB urges Congress to seize the opportunity to lower taxes, permanently eliminate Beneficial Ownership Information reporting requirements and the regulatory costs imposed by that mandate, and provide more cost-effective healthcare choices for small businesses and their employees.”

Read the full letter here.

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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.