NFIB Launches New Ad Campaign in Northern Virginia Urging Congress to Make Small Business Deduction Permanent

May 7, 2024

NFIB Launches New Ad Campaign in Northern Virginia Urging Congress to Make Small Business Deduction Permanent

WASHINGTON, D.C. (May 7, 2024) – The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, announced a new paid advertising campaign launching today in Northern Virginia, including radio and digital ads. The paid ads urge members of Congress to make the 20% Small Business Deduction permanent by passing the Main Street Tax Certainty Act. “Northern Virginia small business owners want to see Congress take action and make the 20% Small Business Deduction permanent,” said NFIB Vice President of Federal Government Relations Jeff Brabant. “Small business owners are at risk of a massive tax hike if the Small Business Deduction expires in 2025. With over 800,000 small businesses in Virginia, 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.” Listen to the radio ad here: https://youtu.be/HJb3hjOolMg 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. NFIB President Brad Close recently penned an op-ed in the Wall Street Journal where he discussed the importance of the 20% Small Business Deduction for Main Street businesses nationwide.

Topics:

Taxes