Skip to content

LISTEN: NFIB President Discusses Efforts to Stop Tax Hike on LA Small Businesses

LISTEN: NFIB President Discusses Efforts to Stop Tax Hike on LA Small Businesses

October 1, 2024

News

LISTEN: NFIB President Discusses Efforts to Stop Tax Hike on LA Small Businesses

NFIB President Brad Close appeared on WGSO-990 AM in New Orleans on Monday to discuss the organization’s efforts to stop a massive federal tax increase on Louisiana’s small businesses.

Speaking on “Ringside Politics,” Close told Jeff Crouere that stopping the 20% small business deduction from expiring in 2025 is one of NFIB’s top priorities in Congress.

“It let them take a deduction of 20% of their business income so they can put that money back into the business,” Close said, adding that it “helps bring small business owners closer to the tax parity with their larger, big business competitors and large corporations.”

Close said, “When you look at helping small business owners, you know, that money is gonna flow through to their employees, their families, to the community. When they buy new equipment, they buy it locally. When they create new jobs, folks who fill those jobs come from the community. So it all benefits and it all spreads. And that’s why we think it’s so important to let small business owners keep more of their own hard-earned money rather than send it to Washington.”

Click here to listen here:

Click here to learn more about the 20% small business deduction.

Congress voted in 2017 to let small businesses deduct 20% of their qualified business income. Small businesses use those dollars to invest in their employees and business operations, and those tax savings have protected them against inflation, hiring shortages, and supply chain disruptions. It will expire in 2025 unless Congress passes the Main Street Tax Certainty Act.

Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Receive our newsletter and email notification
Knowledge is power. Let us help you stay informed with breaking legislative news, regulatory updates, business tips, and more.

Related Articles

In Front of the Massachusetts State House in Boston
April 22, 2025
Massachusetts Unemployment Insurance Reforms Needed Now More Th…
“This is yet another example of the Commonwealth’s outlier policies compoun…
Read More
April 22, 2025
NFIB Urges Lawmakers to Pass ‘One Door’ Workforce P…
The legislation would streamline services for job seekers, employers.
Read More
April 22, 2025
NFIB Releases Report Detailing Benefits of 20% Small Business T…
The Small Business Deduction is set to expire if Congress fails to act
Read More
April 21, 2025
NFIB Urges House Not to Pass Bill Raising B&O Taxes
Measure up for a vote anytime during this last week of session
Read More

© 2001 - 2025 National Federation of Independent Business. All Rights Reserved. Terms and Conditions | Privacy Policy | Accessibility