NFIB Congratulates Scott Bessent on Confirmation as Treasury Secretary
NFIB Congratulates Scott Bessent on Confirmation as Treasury Secretary
January 27, 2025
Small Businesses Welcome Bessent’s Focus on Stopping Massive Tax Hike
WASHINGTON, D.C. (Jan. 27, 2025) – The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, congratulated Scott Bessent today on being confirmed as Secretary of the Treasury in a bipartisan vote. During his confirmation hearing, Bessent spoke about the far-reaching, negative consequences for small business owners should the 20% Small Business Tax Deduction expire, noting that: “I think it would be devastating… especially for small businesses.”
“Congratulations to Scott Bessent on his confirmation as Treasury Secretary,” said Brad Close, NFIB President. “Small Businesses are half of our economy, and we appreciate his focus on the needs of Main Street, especially the importance of stopping the massive tax hike on small businesses by making the 20% Small Business Deduction permanent. We look forward to working with Secretary Bessent, the White House and Congress to provide permanent tax relief for more than 30 million small businesses.”
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NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.
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