Show-Me State Times

Brad Close, President of the National Federation of Independent Business (NFIB), recently spoke on News 98.1 KMBZ-FM in Kansas City. He discussed the importance of making the 20% Small Business Deduction permanent to prevent a significant tax increase on Missouri small businesses.

The deduction was introduced as part of the 2017 tax law to create parity between small businesses and larger corporations. It has helped small business owners navigate economic challenges over recent years. However, it is set to expire at the end of 2025. The Main Street Tax Certainty Act aims to make this deduction permanent, thus avoiding a substantial tax hike for many American small businesses.

For those interested, the interview with Brad Close can be accessed online at https://youtu.be/Zf-A6OfMgws, and more information is available at www.SmallBusinessDeduction.com.