A deep dive into a new report by EY explains the positive economic impact if Congress protects small businesses from a massive tax hike, and four small employers detail how the 20% Small Business Tax Deduction empowers their small businesses. Hear from Holly Wade, Executive Director of NFIB’s Research Center, Brandon Pizzola, a partner with the Quantitative Economics and Statistics Practice at EY, and small business owners from California, Massachusetts, Nebraska, and West Virginia.

NFIB’s top federal advocacy priority is stopping a massive tax hike on nine out of 10 small businesses by making the 20% Small Business Tax Deduction permanent.

• Customize an email to your U.S. Senators and Representatives to amplify this effort.
• Find out if your small business qualifies for the deduction.
• Stay up to date on the latest Small Business Deduction news.

To submit your questions or requests for future podcast topics or guests, please email podcast@nfib.org. 

A new small business registry rule, known as beneficial ownership reporting, went into effect Jan. 1, requiring small businesses to report their beneficial owners to the U.S. Treasury Department’s Financial Crimes Enforcement Network by the end of the year. NFIB Small Business Legal Center Executive Director Beth Milito and Caleb Kruckenberg, the attorney in a District Court case challenging this law join to provide a legal update on where the case stands and what it means for small business as the compliance deadline nears. Listen for more information on the new small business reporting registry, penalties for not complying, and more about the scheduled hearing on this case.

Take Action: Add your voice to the fight to repeal this rule by customizing a message to your U.S. Senators and Representative.

Learn More: NFIB’s Beneficial Ownership Reporting fact sheet.

To submit your questions or requests for future podcast topics or guests, please email podcast@nfib.org. 

Without Congressional action, 9 out of 10 small businesses will face a massive tax hike when the 20% Small Business Deduction expires in 2025. NFIB members Wendy and Marci Bittner of LOSHAW Thermal Technology join to share what the 20% Small Business Deduction has allowed them to do and what it will mean to their business if the deduction is allowed to expire at the end of 2025. Representative Lloyd Smucker discusses why this issue is so important to him and his constituents, and NFIB’s Director of Government Relations Lauren Hancock provides an update on NFIB’s advocacy efforts.

Take Action: Join over 80,000 small business owners in signing NFIB’s petition to make the 20% Small Business Deduction permanent.

Learn more about the issue and status at SmallBusinessDeduction.com

To submit your questions or requests for future podcast topics or guests, please email podcast@nfib.org.