A Game-Changer for Main Street America
NFIB Backing for Small Business, In a landmark move, the National Federation of Independent Business (NFIB) officially endorsed the One Big Beautiful Bill Act as a Key Vote in the 119th U.S. Congress. This critical piece of legislation has drawn support across the small business landscape due to its promise of permanent tax relief.
NFIB, known for championing small business rights, urged Senators to back this bill through a formal letter. The reason? It offers a bold step toward protecting over 33 million small businesses from looming tax hikes.
Why the 20% Deduction Matters Now More Than Ever
The centerpiece of the bill is the permanent extension of the 20% Small Business Deduction. Originally introduced in the 2017 Tax Cuts and Jobs Act, this deduction gave small business owners a fighting chance to stay competitive with big corporations.
Without swift legislative action, the deduction is set to expire in 2025. That would result in an automatic tax hike for millions of entrepreneurs. The One Big Beautiful Bill Act ensures that doesn’t happen.
Empowering Local Economies Through Smart Policy
According to Adam Temple, NFIB’s Senior Vice President for Advocacy, this legislation represents more than tax cuts. It’s about boosting job creation, stimulating local economies, and encouraging community investment.
“By making the 20% Small Business Deduction permanent, this bill delivers a major win for Main Street,” Temple said. “We strongly urge Senators to seize this historic opportunity.”
Broad Impact Across Sectors and States
From family-owned restaurants to tech startups and service providers, the relief proposed under this act reaches every corner of the economy. Businesses in all 50 states will benefit if the Senate advances this bill.
Small businesses represent nearly half of the U.S. private workforce. When tax burdens decrease, their ability to hire, expand, and innovate increases. It’s a ripple effect with national economic benefits.
Support Builds for the Graham Amendment to H.R. 1
NFIB isn’t just supporting the bill; it’s backing the Graham substitute amendment to H.R. 1, which includes this tax relief provision. This amendment is seen as a practical solution that aligns with long-term fiscal stability and pro-growth policies.
Legislators on both sides of the aisle are being called upon to act decisively. With bipartisan support, the bill could pass and instantly deliver value to small businesses nationwide.
The Clock Is Ticking for Small Business Relief
Without intervention, the current tax code will revert. That means many entrepreneurs will face higher tax rates starting in 2026. For businesses already navigating inflation, labor shortages, and supply chain disruptions, higher taxes would be a major setback.
Congress has the power to prevent this scenario. The One Big Beautiful Bill Act represents a chance to do just that—while sending a message that America stands by its small businesses.
Conclusion: A Defining Moment for U.S. Economic Policy
This bill is more than legislation—it’s a commitment to America’s entrepreneurial spirit. Backing it means safeguarding jobs, growing GDP, and preserving the backbone of the economy.
If passed, the One Big Beautiful Bill Act could be remembered as a turning point that protected small businesses for generations.
For more latest news checkout our website: usnewsinsight
