The National Federation of Independent Business (NFIB) has taken a significant step by designating H.R. 1, the One Big Beautiful Bill Act, as adopted by the U.S. Senate, as an NFIB Key Vote for the 119th Congress. The organization has sent a letter to the U.S. House of Representatives urging lawmakers to prevent a substantial tax increase on small businesses.
Adam Temple, NFIB Senior Vice President for Advocacy, emphasized the importance of this legislation: “After months of debate, Congress is on the doorstep of historic legislation that would provide permanent tax relief for 33 million small businesses.” He added that making the 20% Small Business Deduction permanent through this act would enable small businesses to invest more in their operations and workforce, thereby benefiting communities across America. Temple further urged Members of Congress to support the Senate amendment to H.R. 1 and forward it to President Trump for approval.
The 20% Small Business Deduction was introduced as part of the 2017 tax law with an aim to create a fairer competitive environment between small businesses and larger corporations. If not made permanent, this deduction's expiration at the end of 2025 could lead to increased taxes on over 30 million small businesses. The One Big Beautiful Bill Act seeks to make this deduction permanent and prevent what could be a major tax hike affecting most American small businesses.
For over eight decades, NFIB has been advocating for America's small and independent business owners at both federal and state levels. As a nonprofit and nonpartisan entity driven by its members since its inception in 1943, NFIB remains committed exclusively to supporting these enterprises.
