Nearly 200 small business owners tell Congress to pass 199A reform
On June 12, Small Business Majority and the Small Business Tax Reform Coalition sent a letter to the U.S. Senate, signed by nearly 200 small business owners from across the country, urging Congress to pass legislation similar to the Mom and Pop Tax Relief Act (H.R. 3249). The bill would replace the existing 20% passthrough deduction under Section 199A with a simplified deduction of up to $25,000. The letter highlights how H.R.