Hoosier State Today

The National Federation of Independent Business (NFIB) has released a new video advertisement in Indiana. This move is part of their ongoing campaign to persuade members of Congress to halt a significant tax increase on small businesses by supporting the Main Street Tax Certainty Act, which aims to make the 20% Small Business Deduction permanent.

In the ad, NFIB Indiana State Director Natalie Robinson states, "Small businesses throughout Indiana cannot afford a tax hike right now, and that’s why we’re asking Senator Todd Young to support the Main Street Tax Certainty Act and make the Small Business Deduction permanent." She emphasizes that small business owners are dealing with various economic challenges and warns that without Congressional action, these challenges will worsen due to the impending tax increase.

Brad Close, NFIB President, adds his voice by highlighting the crucial role of small businesses in the economy. He notes, "Small businesses are the foundation of our economy, yet more than 30 million of them are about to face a massive tax hike that would hurt their ability to create jobs and give back to their communities."

The 20% Small Business Deduction was introduced as part of the 2017 tax law. It was designed to provide an equitable playing field between small businesses and larger corporations. This deduction has been instrumental in helping small business owners navigate recent economic difficulties but is scheduled to expire at the end of 2025. The Main Street Tax Certainty Act seeks to prevent this expiration by making the deduction permanent.