Radio ad recognizes Senator Tim Scott’s efforts to stop massive tax hike on South Carolina small businesses
COLUMBIA, S.C. (May 13, 2024) – The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, announced a new paid advertising campaign launching today featuring a radio ad thanking Senator Tim Scott for supporting efforts to make the 20% Small Business Deduction permanent by passing the Main Street Tax Certainty Act.
“Small business owners want to see Congress take action and make the 20% Small Business Deduction permanent, and Senator Tim Scott has been a strong leader on this issue,” said NFIB Vice President of Federal Government Relations Jeff Brabant. “Main Street is at risk of a massive tax hike if the Small Business Deduction expires in 2025. Passing the Main Street Tax Certainty Act should be a top priority for Congress, and we are encouraged that this important bipartisan legislation has been introduced in both Chambers. We urge Congress to pass it and we thank Senator Tim Scott for his leadership for South Carolina’s small businesses.”
Listen to the radio ad thanking Senator Tim Scott here: https://youtu.be/uzopP33BneI
The 20% Small Business Deduction (Section 199A) allows small businesses organized as pass-throughs (S corporations, LLCs, sole proprietorships, or partnerships) the ability to deduct up to 20% of qualified business income and is scheduled to expire in 2025.
NFIB President Brad Close recently penned an op-ed in the Wall Street Journal where he discussed the importance of the 20% Small Business Deduction for Main Street businesses nationwide.
