The National Federation of Independent Business (NFIB), the leading small business advocacy organization in the United States, has launched a nationwide paid advertising campaign. The campaign, which features targeted radio ads, thanks specific members of Congress for their support in making the 20% Small Business Deduction permanent by passing the Main Street Tax Certainty Act.
"Small business owners want to see Congress take action and make the 20% Small Business Deduction permanent," stated NFIB Vice President of Federal Government Relations Jeff Brabant. "Main Street is at risk of a massive tax hike if the Small Business Deduction expires in 2025. Passing the Main Street Tax Certainty Act should be a top priority for Congress and we are encouraged that this important bipartisan legislation has been introduced in both Chambers. We urge Congress to pass it and thank these lawmakers for their leadership for small businesses on this issue in their states and districts."
The radio ads will air in targeted markets and states, expressing gratitude towards Senator Bill Cassidy (LA), Senator Tim Scott (SC), Senator Thom Tillis (NC), Senator Chuck Grassley (IA), Senator Joni Ernst (IA), Rep. Jason Smith (MO-08), Rep. Lloyd Smucker (PA-11), Rep. Mike Kelly (PA-16), Rep. Kevin Hern (OK-01), and Rep. Josh Gottheimer (NJ-05) for their support in making the 20% Small Business Deduction permanent.
The 20% Small Business Deduction, also known as Section 199A, enables small businesses organized as pass-throughs - including S corporations, LLCs, sole proprietorships or partnerships - to deduct up to 20% of qualified business income. This provision is set to expire in 2025.
Recently, NFIB President Brad Close penned an op-ed in the Wall Street Journal where he discussed the significance of the 20% Small Business Deduction for Main Street businesses across the nation.
