Earlier this year, the 20% Small Business Tax Deduction was signed into law and was a historic victory. This legislation provides significant tax relief for 33 million small businesses nationwide. NFIB members and State Directors wrote several opinion editorial pieces covering how this tax certainty has benefited the small business community.    

NFIB members Rene and Heather LeBlanc of Arizona wrote an op-ed in the Phoenix Independent on how the permanent extension of the Small Business Tax Deduction has allowed them to create growth strategies and invest in their community. “The tax cut also helped us invest in new equipment. Some new fleet trucks. A new forklift for the warehouse. A slew of new tools, including top-quality welders. These investments have helped us be more proficient in bidding against bigger businesses with more resources. Now, with a permanent tax cut, we can invest and compete with even more confidence.” 

Inforum published an op-ed from NFIB State Director Don Larson of North Dakota on the deduction and its boost to the North Dakota economy: “Additionally, the tax law provides relief through other vital pro-small business provisions. The increases to the Section 179 expensing cap and Section 168(k) bonus depreciation are particularly significant for a state like North Dakota. Our economy relies heavily on capital-intensive industries like agriculture and energy.” 

NFIB State Director Matt Everson of Iowa wrote an an op-ed for The Gazette about the Small Business Tax Deduction’s impact on job growth in Iowa: “Research shows that small businesses will now create more than 1.2 million new jobs a year as they use their tax saving to grow and invest in their employees and give back. In Iowa specifically, more than 12,000 jobs a year will be created. Just think how much that will benefit our economy and local communities.” 

The Phoenix Business Journal published an op-ed by Chad Heinrich, NFIB State Director of Arizona on the benefits Arizonans will see to their local economies due to the permanent extension of the Small Business Deduction: “An NFIB-commissioned study by EY found that the Small Business Tax Deduction will increase Arizona’s economic activity by more than $1.4 billion annually, resulting in the creation of 26,000 jobs each year. That means more good-paying jobs for hardworking Arizonans.” 

Calculate the impact the Small Business Deduction has on your business. Take Action: Let Congress know how tax savings from the Small Business Deduction helps grow your business!