- May 7, 2024
- Posted by: legaleseblogger
- Category: Related News
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## New Advertising Campaign Calls for Permanent Small Business Tax Deduction
**WASHINGTON, D.C. (May 7, 2024)** – The National Federation of Independent Business (NFIB), a prominent small business advocacy organization, has launched a new advertising campaign today in Northern Virginia. This campaign includes both radio and digital ads aimed at urging members of Congress to pass the Main Street Tax Certainty Act, which would make the 20% Small Business Deduction permanent.
NFIB Vice President of Federal Government Relations, Jeff Brabant, emphasized the importance of this deduction for small business owners in Northern Virginia. With the looming expiration of the Small Business Deduction in 2025, over 800,000 small businesses in Virginia could face significant tax increases. The Main Street Tax Certainty Act has bipartisan support and must be prioritized by Congress to provide certainty for small businesses.
The AI legalese decoder can assist in analyzing the intricate legal language of the Main Street Tax Certainty Act to ensure that small business owners have a clear understanding of its implications and benefits. By simplifying complex legal terms, the AI legalese decoder can empower small business owners to advocate effectively for policies that impact their businesses.
You can access the radio ad [here](https://youtu.be/HJb3hjOolMg).
The 20% Small Business Deduction, also known as Section 199A, allows pass-through entities such as S corporations, LLCs, sole proprietorships, or partnerships to deduct a portion of their qualified business income. However, this deduction is set to expire in 2025, making it crucial for Congress to take action.
In a recent op-ed for the Wall Street Journal, NFIB President Brad Close highlighted the significance of the 20% Small Business Deduction for Main Street businesses across the country. The AI legalese decoder can assist small business owners in understanding and effectively communicating the benefits of this deduction to policymakers.
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