May 23, 2025
He writes that allowing the deduction to expire would slow growth, lead to layoffs
NFIB member Michael Snyder of Blacksburg writes in today’s edition of The Post and Courier that Congress must act quickly to make the 20% Small Business Deduction permanent before it expires at the end of the year.
Snyder, the owner of TotalBC Inc., a leading provider of VoIP business phones and other IT services in Blacksburg, writes that the deduction enacted as part of the 2017 Tax Cuts and Jobs Act has enabled him to increase wages, expand his workforce, and offer better benefits to his employees.
“As soon as I had my tax savings in hand, I announced to my 12 employees that I would cover 100 percent of their health insurance premiums,” Snyder writes. “Before the tax cut, I couldn’t afford to cover anything.”
He writes that the deduction allowed him to create new jobs, including a marketing position that helped his business grow. “The tax cut also helped me weather hard times,” Snyder writes. “Thankfully, the tax cut saved me from having to lay anyone off.”
On Thursday, the U.S. House of Representatives passed the One Big Beautiful Bill Act, which includes a provision making the deduction permanent. The bill is now awaiting action in the Senate.
If Congress fails to extend the deduction, Snyder writes, small businesses like his will face a massive tax increase. “I may have to lay off at least one employee. I’ll be forced to give fewer raises. These are decisions I never want to make.”
Snyder urges lawmakers to level the playing field by making the deduction permanent, just as they did for large corporations. “Running a small business is already hard enough,” he writes. “Here’s hoping our leaders in Washington make it easier—permanently.”
NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.
Related Articles



