Maryland State Wire

NFIB has launched a new radio advertisement in Maryland advocating for the passage of the Main Street Tax Certainty Act, which aims to maintain the 20% Small Business Deduction permanently. This deduction was originally instituted as part of the 2017 tax law to support small businesses against larger corporations.

Mike O’Halloran, NFIB Maryland State Director, emphasized the urgency of the situation, stating, “Maryland small businesses simply can’t afford a 20% tax increase right now, and that’s why small businesses throughout the state are calling on Congress to pass the Main Street Tax Certainty Act.” According to O'Halloran, making the deduction permanent would prevent a significant tax increase during a period of economic uncertainty.

NFIB President Brad Close highlighted the broader impact this potential tax hike could have, noting, “Small businesses are the foundation of our economy, yet more than 30 million of them are about to face a massive tax hike that would hurt their ability to create jobs and give back to their communities.”

The NFIB's campaign underscores the risks that small businesses might face if the 20% deduction is not extended beyond its expiration at the end of 2025. By making the deduction permanent, the Main Street Tax Certainty Act aims to prevent these economic challenges and ensure stability for America’s small businesses.