The National Federation of Independent Business (NFIB) has launched a new advertising campaign to express gratitude to Congress for making the 20% Small Business Tax Deduction permanent. This campaign includes radio, digital, and billboard ads across various states, emphasizing the prevention of a significant tax increase on small business owners.
Brad Close, President of NFIB, said, "For years, NFIB’s members have spoken out about the importance of making the 20% Small Business Tax Deduction permanent." He further noted that this decision by Congress and the White House offers substantial economic benefits to small businesses by allowing them to retain more earnings for reinvestment in their operations and communities.
The deduction was initially introduced as part of the 2017 Tax Cuts and Jobs Act. It enables small business owners to deduct up to 20% of their qualified business income. According to Close, this provision helps create a more equitable environment between small enterprises and larger corporations.
The ads are part of NFIB's ongoing advocacy efforts supporting the Small Business Deduction. They aim to highlight Congress's role in providing certainty for small businesses, which is essential for their growth and community contributions.
Examples of these advertisements can be viewed through provided links: an example of the radio and digital ad here, and an example of the billboard ad here.
Information from this article can be found here.
