Recognizes 10 members of Congress who worked hard to prevent large tax increases on small and medium-sized businesses through radio ads
Washington DC (May 13, 2024) – National Federation of Independent Business (NFIB)), the nation’s leading small business advocacy organization, today announced the launch of a new paid advertising campaign across the country featuring targeted radio ads. This ad thanks certain members of Congress for supporting efforts to make the 20% small business deduction permanent. Main Street Tax Security Act.
“Small business owners want Congress to take action and make the 20% small business deduction permanent.” Jeff Brabant, NFIB Vice President for Federal Government Relations; “Main Street is at risk of massive tax increases when the small business exemption expires in 2025. Main Street Tax Security Act This should be a top priority for Congress, and we are encouraged that this important bipartisan bill has been introduced in both chambers. We urge Congress to pass this bill and thank our state and district legislators for their leadership on behalf of small businesses on this issue. ”
Listen to the radio ad here: https://www.youtube.com/playlist?list=PLWcr4XXHGXwcsfbNweDWzTW6B9OklCjSi
The radio ads aired in target markets and states and were targeted by Sens. Bill Cassidy (Louisiana), Tim Scott (South Carolina), Thom Tillis (North Carolina), and Chuck Grassley (North Carolina). We would like to express our gratitude to Senator Jody Ernst (Iowa) and Representative Jason Smith (Iowa). (MO-08), Congressman Lloyd Smucker (PA-11), Congressman Mike Kelly (PA-16), Congressman Kevin Hahn (OK-01), and Congressman Josh Gottheimer (NJ-05). ). The 20% small business deduction will be applied permanently.
The 20% Small Business Deduction (Section 199A) allows small businesses organized as pass-throughs (S corporations, LLCs, sole proprietorships, or partnerships) the ability to deduct up to 20% of their qualified business income. It is scheduled to expire in 2025.
NFIB Chairman Brad Close recently wrote the following editorial: wall street journal There he discussed the importance of the 20% small business deduction for Main Street businesses across the country.
