NFIB leaders Brad Close and Jeff Brabant discussed recent legislative victories for small businesses in a podcast episode of "Small Business Rundown." They highlighted the achievements made through the One Big Beautiful Bill Act, particularly the permanence of the 20% Small Business Deduction. This change provides stability to small business owners who no longer need to worry about potential tax hikes at year's end.
Brad Close expressed satisfaction with this development, noting that it has been a top federal priority for NFIB over the past two years. He stated, “The [One Big Beautiful Bill Act] included legislation making the 20% Small Business Deduction permanent. So, it’s not going to be year to year. It is done, made permanent, small business owners can plan.”
Jeff Brabant pointed out additional benefits from the bill, including stable marginal rates for pass-through entities like sole proprietorships and S-corporations. He remarked, “And while the pass-through sector did great with the 20% Small Business Deduction, it also got a win with marginal rates that aren’t going to increase.”
The "Small Business Rundown" podcast aims to provide small business owners with insights into issues affecting them nationwide.
