• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Digital News Updates
  • Home
  • News
  • Politics
  • Business

Small businesses tell Congress to stop tax hike

September 29, 2024

(The Center Square) – A coalition of small businesses are calling on Congress to make the 20% small business tax deduction permanent.

Small business leaders visited Washington, D.C. this week to call on lawmakers to pass the Main Street Tax Certainty Act, a bill that would prevent the expiration of a small business tax credit enacted by the 2017 Trump-era tax cuts.

“One of the problems in Washington, D.C., is introducing uncertainty based on expiring tax provisions, and that creates a lot of problems for businesses across America,” Sen. Steve Daines, R-Mont., said at the press conference Thursday. “They don’t know what D.C. is going to do. This is why it’s important that we make these tax provisions permanent so these small business owners behind me aren’t having to worry more about what’s going on in D.C.

“They have enough to worry about as it is,” he added. “Let’s not add Congress to their worry list.”

Daines called for making the tax cut permanent. But currently that tax cut is set to expire next year.

National Federation of Independent Businesses President Brad Close echoed Daines’ comments at the press conference.

“They know that if Congress doesn’t act, it’s going to mean higher taxes and a much more difficult environment for them,” he said.

Small business owners have faced major economic challenges in recent years, from government-mandated pandemic closures that often did not apply to larger corporations in the same way, to the more than 20% increase in prices since President Joe Biden took office.

Whether the tax cut bill can pass this year remains to be seen, though who holds majorities next January could make all the difference.

Small businesses connected to NFIB also spoke at the press conference, asking lawmakers to cut them a break.

“If this Deduction goes away, and prices continue to climb, it can literally be the difference between a small business staying open or closing its doors forever,” Candice Price, co-owner of Home Team Auto Sales, said at the press conference.

 

By Casey Harper | The Center Square

Filed Under: Business, Featured, Home Featured, Politics

Related Articles:

  • Bridger Aerospace Welcomes Executive Order to Reshape Wildland Firefighting
  • Gianforte Appoints Marta Bertoglio as Department of Commerce Director
  • Daktronics to Announce Q4 and Fiscal 2025 Results on June 25

Primary Sidebar

Digital News Updates Logo

Recent News Posts

  • North Dakota to Celebrate Grand Opening of Theodore Roosevelt Presidential Library
  • Montana Attorney General Launches Investigation into Lee Enterprises Following Cyberattack
  • VA slams Democrat governor for falsely claiming vets could be denied care
  • Montana State names 2025 presidential scholars

Recent Politics Posts

  • Gianforte Praises Supreme Court Ruling
  • Zinke Urges Interior Secretary to Act on Projected Low Flathead Lake Levels
  • Senator Daines Leads Bipartisan Push to Celebrate “Great Outdoors Month”
  • Sheehy Introduces Legislation to Compensate Service Members Discharged Over COVID Vaccine Mandate

Recent Business Posts

  • Bridger Aerospace Welcomes Executive Order to Reshape Wildland Firefighting
  • Gianforte Appoints Marta Bertoglio as Department of Commerce Director
  • Daktronics to Announce Q4 and Fiscal 2025 Results on June 25
  • Performance Engineering Earns National Honors

Copyright © 2025 Digital News Updates, All Rights Reserved.