JEFFERSON CITY (Aug. 15, 2024) – The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, released new radio/video ads in Missouri The ads continue efforts by NFIB to urge members of Congress to stop the massive tax hike on small businesses by passing the Main Street Tax Certainty Act to make the 20% Small Business Deduction permanent.

“Small businesses are the foundation of our economy, yet more than 30 million of them are about to face a massive tax hike that would hurt their ability to create jobs and give back to their communities,” said NFIB President Brad Close. “Congress must pass the Main Street Tax Certainty Act now to level the playing field and help small businesses compete.”

“Missouri small business owners can’t afford this massive tax hike,” said NFIB State Director Brad Jones. “The 20% Small Business Deduction has allowed our job creators to expand their operations, raise wages, and boost employees’ benefits. This is the most significant portion of the 2017 tax law, and we need Congress to make it permanent.”

Background:

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. It has empowered small business owners to overcome the economic challenges of the last few years – but it’s set to expire at the end of 2025. The Main Street Tax Certainty Act would make the 20% Small Business Deduction permanent and avoid a massive tax hike on a majority of America’s small businesses.