FOR IMMEDIATE RELEASE
AUGUSTA, ME (Aug. 16, 2024) – The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, released a new radio ad in Maine. The ad continues NFIB’s efforts to urge members of Congress to stop the massive tax hike on small businesses by passing the Main Street Tax Certainty Act to make the 20% Small Business Deduction permanent.
Listen to the 30-second Maine radio ad here: https://youtu.be/IVysazinI68
“Maine small businesses simply can’t afford a 20% tax increase right now, and that’s why small businesses throughout the state are calling on Congress to pass the Main Street Tax Certainty Act,” said David Clough, NFIB Maine State Director. “By making the Small Business Deduction permanent, small businesses will avoid a massive tax hike at a time when uncertainty is high and optimism is low.”
“Small businesses are the foundation of our economy, yet more than 30 million of them are about to face a massive tax hike that would hurt their ability to create jobs and give back to their communities,” said NFIB President Brad Close.
The 20% Small Business Deduction was created as a part of the 2017 tax law to level the playing field between small businesses and larger corporations. It has empowered small business owners to overcome the economic challenges of the last few years – but it’s set to expire at the end of 2025. The Main Street Tax Certainty Act would make the 20% Small Business Deduction permanent and avoid a massive tax hike on a majority of America’s small businesses.
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For 80 years, NFIB has been advocating on behalf of America’s small and independent business owners, both in Washington, D.C., and in all 50 state capitals. NFIB is nonprofit, nonpartisan, and member-driven. Since our founding in 1943, NFIB has been exclusively dedicated to small and independent businesses, and remains so today. For more information, please visit nfib.com.
