What it means: Beth Milito, Vice President and Executive Director of the NFIB Small Business Legal Center, provided solutions to strengthen the small business workforce during her recent testimony to Congress. She emphasized the importance of making the 20% Small Business Tax Deduction permanent to allow small businesses to continue investing in the American workforce.

Our take: “Any small business owner can tell you: their workforce is their greatest asset. The 2017 Tax Cuts and Jobs Act provided unique opportunities for small businesses to expand and grow, create more jobs, and reinvest in the American workforce,” said Beth Milito, Vice President and Executive Director of NFIB’s Small Business Legal Center.

Take Action: NFIB’s petition to make the Small Business Deduction permanent has reached over 100,000 signatures! Help amplify the voice of small business by adding your name to the growing petition!

Beth Milito, Vice President and Executive Director of NFIB’s Small Business Legal Center, testified before the U.S. House Committee on Education and Workforce about how Congress and the Administration can strengthen the small business workforce. The hearing, titled “Unleashing America’s Workforce and Strengthening Our Economy,” was held on Feb. 27, and Milito provided solutions to deliver pro-small business policies.

Milito emphasized the importance of making the 20% Small Business Tax Deduction permanent to allow small businesses to continue investing in the American workforce. Currently, the deduction is set to expire at the end of the year, and nine out of 10 small businesses face a massive tax hike should Congress not take action.

“NFIB members have used the tax relief provided to them through the Tax Cuts and Jobs Act to give bonuses to employees; hire new employees; keep up with inflation; purchase and maintain equipment that makes workers’ jobs easier and safer; keep employees on year-round; increase wages; give back to their communities; and strengthen benefits packages,” said Milito.

Hear more from Milito’s testimony and track the latest information as NFIB continues to advocate for Congress to make the 20% Small Business Tax Deduction permanent. Hear from NFIB members who attended the Small Business Deduction Summit on Capitol Hill discuss the impact of this deduction on the Small Business Rundown podcast.

Take Action: NFIB’s petition to make the Small Business Deduction permanent has reached over 100,000 signatures! Help amplify the voice of small business by signing today.