June 16, 2025
Making the Small Business Tax Deduction permanent and reducing burdensome regulations is key
What it means: NFIB Vice President of Federal Government Relations Jeff Brabant talks with C-SPAN’s Washington Journal on the highlights of the One Big Beautiful Bill Act and the most pressing issues facing small businesses.
Expert take: “Congress created this 20% deduction, which gets the effective rate a lot lower for those pass-through businesses and gets them a lot closer to the 21% mark, [tax rate paid by larger businesses] but it was scheduled to expire, which would have resulted in a significant tax hike on tens of millions of small business owners. Let’s keep most businesses around the same tax rate so that everyone is treated equally,” said Jeff Brabant, Vice President of Federal Government Relations.
Take Action: Join the fight to make the Small Business Deduction permanent and stop a massive tax hike on small business at the end of the year.
Brabant’s interview on C-SPAN’s Washington Journal covers the small business wins in the One Big Beautiful Bill Act. He discusses the Small Business Tax Deduction and Beneficial Ownership Information (BOI) reporting, which are two major concerns for small business owners across the country. In NFIB’s May Small Business Economic Trends survey , small business owners reported taxes became the most important problem for small business owners, marking the first time since December 2020that taxes have been the highest priority for Main Street owners.
What can Congress do to alleviate the tax burden for small businesses?
The Small Business Tax Deduction is set to expire at the end of the year, and NFIB is urging Congress to make this deduction permanent in order to foster growth and development for small businesses. The One Big Beautiful Bill Act would make this tax deduction permanent and increase its value from 20% to 23%, allowing small businesses the freedom to invest in their operations, employees, and communities.
The interview covered:
- One Big Beautiful Bill Act wins for small businesses
- The Small Business Tax Deduction
- BOI reporting
- Inflation’s impact on small business
With taxes reclaiming the top spot as the greatest concern for small business owners, there is continued pressure for Congress to make the Small Business Deduction permanent. Watch the full interview online for an in-depth look at the key issues American business owners face. Take Action: Urge Congress to act now and make the Small Business Tax Deduction permanent before it’s too late.
NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.
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