Small businesses saw great progress last year. The permanent extension of the 20% Small Business Tax Deduction will help more than 33 million small businesses across the country invest in their businesses and communities.  

Important regulatory relief exempted U.S. small business owners from the invasive Beneficial Ownership Information (BOI) reporting requirement that posed security risks and significant penalties. This win for small business is not yet fully across the finish line. Congress needs to permanently exempt US small businesses or repeal the BOI mandate so a future administration does not rewrite this regulation. The data from US small businesses that have already filed their BOI also need to be destroyed. 

NFIB’s top legislative priorities for 2026 include:  

• BOI reporting 

• Credit card swipe fees 

• Lower taxes  

• Affordable health care options 

• Labor mandates 

• Electricity and fuel costs 

• Right to Repair 

• Regulatory reform 

• Stopping foreign investor lawsuits 

See the full legislative priorities list for more insight on the most impactful issues for small businesses in 2026. 

Learn More: See small business victories achieved in 2025.