The National Federation of Independent Business (NFIB), a prominent organization representing small businesses, has declared its support for the Graham amendment to H.Con.Res 14. This measure is marked as a critical vote for the 119th Congress by NFIB, as the organization has communicated to the U.S. House of Representatives. Should the resolution pass, it would permit Congress to utilize the budget reconciliation process to make the expiring 20% Small Business Deduction a permanent feature of tax policy.
Adam Temple, NFIB Senior Vice President for Advocacy, emphasized the significance of this legislative change. "Making the 20% Small Business Tax Deduction permanent is the most important action Congress can take to help small businesses this year," Temple stated. He added, "Passing the Graham amendment is the first step in achieving this outcome. NFIB strongly supports the Graham amendment to H.Con.Res.14 and it will be considered an NFIB Key Vote for the 119th Congress."
The NFIB has been a voice for small and independent business owners across America for 80 years, engaging in advocacy efforts in both Washington, D.C., and across all 50 state capitals. Established in 1943, the NFIB is a nonprofit, nonpartisan, and member-driven organization, focusing exclusively on small businesses.
For additional details, visit nfib.com.
