Tax policy

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.

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Small Business Tax Reform Coalition urges Congress to maintain robust IRS funding

On July 8, the Small Business Tax Reform Coalition (SBTRC), a joint initiative of Small Business Majority and Main Street Alliance, sent a letter to the House and Senate Financial Services and General Government Subcommittees, urging them to preserve robust funding for the Internal Revenue Service (IRS) in the FY 2026 appropriations bill.

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Small Business Majority Opposes the Elimination of the State Corporate Income Tax

Today, Senior Public Policy Director Awesta Sarkash, submitted a letter to the Speaker of the House and Senate Pro Tempore of North Carolina opposing legislation that would eliminate the state's corporate income tax. This is not a priority for small businesses and most small businesses do not benefit from this. 

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Small business owners urge Congress to reform the Sec. 199A deduction

On May 13, Small Business Majority and the Small Business Tax Reform Coalition submitted a letter, signed by nearly 100 small business owners, to the House Committee on Ways & Means in support of 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.

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Small businesses support Section 199A reform and bottom-up tax benefits

Publisher: 
Small Business Majority
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Date: 
Thursday, May 8, 2025

With key provisions of the 2017 Tax Cuts and Jobs Act (TCJA) set to expire this year, Congress must decide how it wants to move forward when it comes to the tax code. This is notable because any potential changes to our tax system would have a profound impact on small businesses. One provision set to expire is the Section 199A deduction that allows businesses that are pass-through entities to deduct up to 20% of their qualifying business income from their federal taxes.

Urge Congress to deliver meaningful tax relief to Main Street

To remain competitive, small businesses require a tax code that prioritizes their sustainability and growth, enabling them to make investments in their operations and workforce. However, our nation’s current tax code does not work for Main Street. The tax system favors large corporations over small businesses.

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Voice of Main Street: Entrepreneurs struggle to access funding, support policies that increase availability of responsible capital

Publisher: 
Small Business Majority
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Date: 
Wednesday, April 30, 2025

The latest Voice of Main Street poll shows entrepreneurs face major capital challenges and oppose the administration’s proposed spending cuts. Notably, 78% are concerned about cuts to the SBA, which provides vital resources small businesses need to succeed.

Small Business Majority submits written testimony highlighting the importance of tax relief for Main Street amid growing economic uncertainty

On April 14, Small Business Majority submitted a statement for the record in response to a recent joint House and Senate Small Business Committee hearing titled “Prosperity on Main Street: Keeping Taxes Low for Small Businesses.” Our statement urges Congress to reform the 199A pass-through deduction to deliver more meaningful tax relief for small businesses, particularly as they face increasing economic uncertainty from the administration’s unpredictable rollout of global tariffs. 
 

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