Oceanside small business owner Beth Booth describes the stakes of losing a valued tax benefit
FOR IMMEDIATE RELEASE
Contact: John Kabateck, California State Director, [email protected]
or Tony Malandra, Senior Media Manager, [email protected]
SACRAMENTO, Calif., Sept. 27, 2024—For its campaign to keep the 20% Small Business Deduction used by 26 million small business owners from expiring at the end of next year, NFIB rolled out its most effective spokespeople this week, small business owners from around the nation.
At a news conference, one member from California, Beth Booth from San Diego County, concisely described what is at stake in personal terms. Booth, co-owner, along with her husband, Marshall, of Spaces Renewed, a residential design-and-build firm in Oceanside, journeyed to Washington D.C. to advocate for the Main Street Tax Certainty Act, which will keep the 20% Small Business Deduction from expiring on her fellow small business owners at the end of 2025.
“With record high inflation, fuel, energy, food costs, and interest rates, middle class families like mine are suffering,” said Booth. “My employee’s families are suffering. When you think of small business, I’m asking you to think of me. I am the mom of five little kids. I work full time to provide food for them and put food on their table. And every dollar I spend on a tax burden is a dollar I don’t get to invest in my people, my community, and in my business. We are asking Congress to act … and don’t commit to the climate of uncertainty. We are asking you to step up, support the middle class, and make these tax cuts permanent.”
Booth’s full remarks can be heard here.
“No one speaks with more authority on small business issues than a small business owner, and no one gets the attention of policymakers better than a small business owner whose opinions — elected officials fundamentally understand — reflect more than just their own thoughts but also those of the most important part of the American economy—Main Street enterprises,” said John Kabateck, state director for NFIB in California. “I’m heartened, thankful, and proud that one of our members from California made the long journey to D.C. to help make the case for making the deduction permanent.”
Further information can be found at the following links.
- September 27—FOX Business: Small Businesses Urge Congress to Make the 20% Small Business Deduction Permanent
- September 24—Small Business Owners Converge on Capitol Hill to Stop a Massive Tax Hike on Small Businesses
- September 12—Millions of Jobs, Billions in Economic Growth at Stake if 20% Small Business Tax Deduction Expires
Keep up with the latest on California small-business news at www.nfib.com/california or by following NFIB on Twitter @NFIB_CA or on Facebook @NFIB.CA.
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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 a nonprofit, nonpartisan, and member-driven association. Since its founding in 1943, NFIB has been exclusively dedicated to small and independent businesses and remains so today. For more information, please visit nfib.com.
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