Radio and digital ads advocating for the High Street Tax Security Act launch today
Washington DC (May 7, 2024) – National Federation of Independent Business (NFIB)), the nation's leading small business advocacy organization, today announced the launch of a new paid advertising campaign in Northern Virginia that includes radio and digital ads. Paid ads urge Congress to make the 20% small business deduction permanent by passing the House. Main Street Tax Security Act.
“Small business owners in Northern Virginia want Congress to take action and make the 20% small business deduction permanent.” Jeff Brabant, NFIB Vice President for Federal Government Relations; “Small business owners are at risk of significant tax increases when the Small Business Credit expires in 2025. There are more than 800,000 small businesses in Virginia, and passing this bill would , Main Street Tax Security Act This should be a top priority for Congress and the administration. We are encouraged that this important bipartisan bill has been introduced in both chambers of Congress, and we urge Congress to pass it. ”
Listen to the radio ad here: https://youtu.be/HJb3hjOolMg
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 their qualified business income. It is scheduled to expire in 2025.
NFIB Chairman Brad Close recently wrote the following editorial: wall street journal There he discussed the importance of the 20% small business deduction for Main Street businesses across the country.