Grand Canyon Times

Brad Close, President of the National Federation of Independent Business (NFIB), participated in a radio segment on KFNN Radio in Phoenix. During the broadcast, he addressed the concerns surrounding an impending tax increase affecting small businesses in Arizona. Close emphasized the importance of making the 20% Small Business Deduction permanent to prevent this tax hike.

Close highlighted that "the 20% Small Business Deduction was created as a part of the 2017 tax law to level the playing field between small businesses and larger corporations." He further explained its role in helping small business owners manage economic challenges over recent years. However, this deduction is set to expire at the end of 2025.

The Main Street Tax Certainty Act aims to make this deduction permanent, thus averting what Close describes as "a massive tax hike on a majority of America’s small businesses."

Listeners interested in learning more about this topic can access additional information through an online interview or visit www.SmallBusinessDeduction.com.