NFIB’s Jeff Brabant Joins KPNW Radio to Warn of Massive Tax Hike Facing Oregon Small Businesses if Congress Fails to Act

September 24, 2024

NFIB’s Jeff Brabant Joins KPNW Radio to Warn of Massive Tax Hike Facing Oregon Small Businesses if Congress Fails to Act

FOR IMMEDIATE RELEASE Contact: Anthony Smith, NFIB Oregon State Director, anthony.smith@nfib.org or Tony Malandra, Senior Media Manager, anthony.malandra@nfib.org SALEM, Ore., Sept. 24, 2024—Jeff Brabant, vice president of federal government relations for the National Federation of Independent Business (NFIB), the nation’s leading small business trade association, made the case for congressional passage of the Main Street Tax Certainty Act on KPNW Radio in Eugene this week. If Congress fails to act, 26 million small businesses that have been taking advantage of the 20% Small Business Deduction on their federal taxes are facing a huge tax increase when the deduction expires at the end of 2025. 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. The tax reductions for large corporations under the 2027 law were made permanent. The Small Business Deduction has empowered small business owners to overcome the economic challenges of the last few years. 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. Listen to Brabant’s remarks here: https://youtu.be/eiMhedCLYQs and learn more at www.SmallBusinessDeduction.com Related Story

Oregon’s Stake in the 20% Small Business Deduction

The typical NFIB member employs between one and nine people and reports gross sales of about $500,000 a year. NFIB’s latest Small Business Economic Trends report can be read here and its latest Jobs Report here. Keep up with the latest Oregon small-business news at www.nfib.com/oregon and follow us on Twitter at @NFIB_OR ### For 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 a nonprofit, nonpartisan, and member-driven association. Since its founding in 1943, NFIB has been exclusively dedicated to small and independent businesses and remains so today. For more information, please visit nfib.com. National Federation of Independent Business Oregon 1149 Court Street NE Salem, OR 97301 503-364-4450 www.nfib.com/oregon Twitter: NFIB_OR

Topics:

Taxes

State:

Oregon

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