FOR IMMEDIATE RELEASE
Contact: Anthony Smith, NFIB Oregon State Director, anthony.smith@nfib.org
or Tony Malandra, Senior Media Manager, anthony.malandra@nfib.org

SALEM, Ore., April 15, 2026—The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, released a new report outlining the economic benefits and massive tax savings the 20% Small Business Tax Deduction will bring to the 417,747 small businesses in Oregon now that it has been made permanent. The report also details several other federal tax relief wins that were signed into law.

Additionally, Oregon is projected to gain 18,000 new jobs annually over the next 10 years if the deduction remains in place, including an annual GDP increase of $986 million for the first decade and $2 billion per year beyond 2035.

View the report for Oregon here.

“Despite the fact that the governor signed a bill into law, just days before Oregonians filed their taxes, that effectively denies over $300 million in immediate state-level tax relief to Oregon families and businesses (SB 1507), we can still be grateful for the helpful boost small business owners received when Congress made the Small Business Deduction permanent, instead of letting it expire at the end of last year,” said Anthony Smith, state director for NFIB in Oregon.

“As rare as it sounds that something optimistic could surround Tax Day, the new permanency of the Small Business Deduction allows Main Street entrepreneurs to better plan for hiring, giving raises, and buying new equipment to expand their enterprises. More than 80% of small businesses are organized as pass-through entities for federal tax purposes and report their business earnings and expenses on their personal income tax forms. The Small Business Deduction allows them to keep more of their hard-earned money and decide how to reinvest it back into their business.”

Since 2017, the Small Business Tax Deduction has allowed small businesses to deduct up to 20% of their business income. This has empowered them to grow, hire, invest in their employees, and give back to their communities. Without action by Congress, this essential tax deduction was set to expire at the end of 2025.

After being passed by Congress, President Trump signed legislation on July 4, 2025, making the Small Business Tax Deduction permanent. This permanent tax relief means America’s small businesses can use more of their hard-earned money to support their business and employees instead of sending it to their state and federal government. It also provides certainty and levels the playing field for small businesses against their large corporate competitors.

Keep up with the latest Oregon small business news at www.nfib.com or on X at @NFIB_OR

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For over 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 a nonprofit, nonpartisan, and member-driven association. Since its founding in 1943, NFIB has been exclusively dedicated to small and independent businesses and remains so today. For more information, please visit nfib.com.

National Federation of Independent Business
1149 Court Street NE
Salem, OR 97301
503-364-4450
NFIB.com
X: NFIB_OR