Empire State Today

NFIB Vice President of Federal Government Relations, Jeff Brabant, participated in "Syracuse’s Morning News with Dave Allen" on WSYR Radio to emphasize the necessity for Congress to make the federal Small Business Deduction permanent. Brabant highlighted the significance of this tax provision, referencing a recent NFIB poll indicating widespread support for Main Street businesses.

"This poll shows that 79% of all voters believe that…the Small Business Deduction is going to have a positive impact on the economy, and shows that 91% believe that small businesses rely on this deduction to stay in business, and 51% are concerned…that the economy will suffer if this expires," Brabant stated.

Should Congress not take action, an estimated 26 million small businesses benefiting currently from the 20% Small Business Deduction on their federal taxes could face a substantial tax increase once the deduction expires at the end of the year.

The 20% Small Business Deduction originated in the 2017 tax law, aimed at creating a more equitable fiscal environment between small businesses and larger corporations. Unlike the tax reductions for large corporations, which were made permanent, the Small Business Deduction's future remains uncertain, yet it has been vital for small business owners navigating recent economic challenges.

More details can be obtained by accessing the link to Brabant’s remarks [here](https://youtu.be/Ot_NtYFE6ug) and visiting the initiative "Stop the Small Business Tax Hike."