NFIB member and Owings small business owner John E. Kelly, Jr. penned an op-ed in The Baltimore Sun urging Congress to pass the Main Street Tax Certainty Act and make the Small Business Deduction permanent.

He wrote, “The truth is that small businesses are staring at a fiscal cliff. At the end of next year, the main tax cut of the 2017 tax reform is set to expire, which means that my taxes will rise dramatically. As that day draws nearer, small businesses like me are starting to hold back. Frankly, I’m terrified that I won’t be able to give raises, boost benefits, and invest in new equipment. Trump and Congress can’t let that happen…

“Bottom line: Thanks to Small Business Deduction, I have the confidence to keep hiring and investing. It’s been 32 years since I started my business, and in all that time, no other policy has been as helpful as this tax cut.

“But the flipside is also true: Nothing would be more harmful than letting the Small Business Deduction disappear at the end of the year. It would also be harmful if Congress waited until late in the year to act. Small businesses have to plan years in advance. When we don’t know what’s going to happen, we don’t spend nearly as much money because we’re saving it to pay for a potential tax hike. That could make 2025 a wasted year for job creation and wage growth.”

Read his full op-ed here: https://www.baltimoresun.com/2025/01/15/small-business-owners-could-soon-lose-vital-tax-relief-guest-commentary/

TAKE ACTION: Maryland small business owners will face a massive tax increase if Congress fails to act – tell your lawmaker to pass the Main Street Tax Certainty Act NOW before the Small Business Deduction expires!