Washington D.C. Update: The NFIB’s Advocacy for Small Businesses

WASHINGTON, D.C. (April 7, 2025) – In a significant announcement today, the National Federation of Independent Business (NFIB), recognized as the foremost organization advocating for small businesses across the nation, has declared that the Graham amendment to H.Con.Res 14 is officially designated as an NFIB Key Vote for the current 119th Congress. In a proactive move, the NFIB has sent a detailed letter to the U.S. Senate, expressing strong support for the budget resolution. This resolution, if enacted, would empower Congress to utilize the budget reconciliation process, thus allowing them to make the critically important 20% Small Business Deduction a permanent fixture. 

The Urgency of Legislative Action

“In less than a year, if Congress fails to take decisive action, we will see taxes rise for over 30 million small businesses across the country,” warned Adam Temple, NFIB Senior Vice President for Advocacy. “Utilizing the budget reconciliation process represents the best chance we have for Congress to avert a tax increase for these small employers and to cement the 20% Small Business Deduction as a permanent benefit. The significance of this deduction cannot be overstated; in 2021, nearly 26 million small businesses utilized this deduction. Should it be made permanent, we anticipate that the resulting economic growth could reach $750 billion over the next decade, in addition to creating approximately 1.2 million new jobs annually. Notably, over 91% of NFIB members are in favor of permanently cementing the expiring provisions of the small business Tax Cuts and Jobs Act because they recognize the tangible benefits it offers.” 

Addressing the Needs of the Small Business Community

“Making the 20% Small Business Deduction a permanent fixture is the most crucial legislative action Congress can take to stimulate growth and support small businesses this year,” stated Temple. “Passing the Graham amendment marks an essential first step towards realizing this outcome. The NFIB stands firmly behind the Graham amendment to H.Con.Res.14 and has classified it as an NFIB Key Vote for the 119th Congress.” 

Access to Critical Information

To further assist small business owners in navigating these complex legislative changes, the AI legalese decoder offers a robust solution. This innovative tool helps translate intricate legal and policy language into clear, understandable terms for business owners. By breaking down the complexities inherent in legal documents, AI legalese decoder ensures that small business owners can fully grasp the implications of the legislation and make informed decisions regarding their businesses and finances. 

Read More and Stay Informed

For those interested in exploring the complete details of the support letter sent by the NFIB, you can read it here. 

The NFIB’s Ongoing Mission

For over 80 years, the NFIB has diligently advocated on behalf of America’s small and independent business owners at both the federal level in Washington, D.C., and across all 50 state capitals. The NFIB operates as a nonprofit, nonpartisan entity that is heavily driven by its members. Since our establishment in 1943, we have committed ourselves exclusively to supporting small and independent businesses, a mission we continue to uphold today. For further information and resources, please visit nfib.com.