WASHINGTON, D.C. (Feb. 25, 2025) – The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, announced that H.Con.Res 14 will be an NFIB Key Vote for the 119th Congress. NFIB sent a letter to the U.S. House of Representatives in support of the budget resolution, which if enacted will allow Congress to use the budget reconciliation process to make the 20% Small Business Tax Deduction permanent.

“In less than a year, taxes will increase on over 30 million small businesses if Congress fails to act,” said Adam Temple, NFIB Senior Vice President for Advocacy. “The budget reconciliation process presents the best opportunity for Congress to prevent a tax increase on small employers and make the 20% small business tax deduction permanent. The 20% small business deduction was claimed by nearly 26 million small businesses in 2021. If made permanent, the deduction will grow the economy by $750 billion over the next ten years, while adding 1.2 million jobs each year. Over 91% of NFIB Members support making expiring small business Tax Cuts and Jobs Act provisions permanent.
“Making the 20% small business tax deduction permanent is the most important action Congress can take to help small businesses this year. Passing H.Con.Res 14 is the first step in achieving this outcome. NFIB strongly supports H.Con.Res.14 and it will be considered an NFIB Key Vote for the 119th Congress.”

Read the full letter here.

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For 80 years, NFIB has been advocating on behalf of America’s small and independent business owners, both in Washington, D.C., and in all 50 state capitals. NFIB is nonprofit, nonpartisan, and member-driven. Since our founding in 1943, NFIB has been exclusively dedicated to small and independent businesses, and remains so today. For more information, please visit nfib.com.