The Small Business Deduction is set to expire in 2025
BOSTON, MA (Oct. 1, 2024) – The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, hosted a Capitol Hill press conference in Washington D.C. last week during its 2024 Small Business Tax Deduction Summit. The press conference featured NFIB President Brad Close, U.S. Senator Steve Daines (R-MT), and small business owners who called for passage of the Main Street Tax Certainty Act to make the 20% Small Business Deduction permanent for America’s 33 million small businesses.
Massachusetts’ own Neil Abramson, an NFIB member who owns and operates consignment stores in several states, joined the press conference to share how the small business tax deduction has helped small businesses in the Commonwealth.
Massachusetts Small Business Owner Neil Abramson, owner of consignment stores across New England, said:
“The Small Business Deduction has allowed us to invest in our team, allowed us to invest in our infrastructure, and allowed us to invest in growing our business…It’s time for Congress to say, ‘It’s not about Wall Street, it’s about Main Street.’ You hear it during the election cycle [but] Congress can show us that by passing the Main Street Tax Certainty Act. They need to show us that we are more than a Saturday in November.”
>>>>> Watch Abramson’s full remarks HERE.
Contact your elected officials to stop the massive tax hike on 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.
