The National Federation of Independent Business (NFIB) is making a strong push in the 119th Congress for the One Big Beautiful Bill Act, a vital piece of legislation that could deliver long-term tax relief for over 33 million small businesses across the United States.
At the heart of this bill is the permanent extension of the 20% Small Business Deduction, originally introduced in the 2017 tax reform. This deduction is currently set to expire at the end of 2025, and without legislative action, many small business owners could face significant tax hikes—directly impacting their ability to reinvest, hire, or expand.
According to Adam Temple, NFIB's Senior Vice President for Advocacy, making this deduction permanent is essential for protecting Main Street businesses from rising tax burdens and economic uncertainty. "It's a major win for small business owners who are working hard to grow their operations and support their communities," he said.
For SMEs, the benefits of this legislation are clear:
- Greater financial predictability for planning and investment
- More resources to hire staff, upgrade infrastructure, and scale services
- Support for long-term sustainability in an evolving economic environment
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If passed, the Act would create a more stable tax landscape for small businesses, enabling them to focus on growth instead of navigating uncertain financial terrain.
However, the road to passage may be challenging. The bill must move through a divided Congress where political gridlock could stall or dilute its impact. Small business owners are encouraged to stay informed and engaged. The NFIB is urging business owners to reach out to lawmakers, showing support not just for the main bill, but also for related amendments such as the Graham substitute to H.R. 1, which reinforces small business tax protections.
With over 30 million businesses at risk of increased tax obligations, the stakes are high. For SMEs, now is the time to advocate for policies that protect their growth potential, ensure fair taxation, and promote economic resilience.
In summary, the One Big Beautiful Bill Act offers a critical opportunity for America's small businesses to secure lasting tax relief and long-term growth. By staying informed and active in the conversation, SMEs can help shape a more supportive legislative environment that works for entrepreneurs and job creators across the country.
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