OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Make 199A Deduction Permanent

Floor Speech

Date: Jan. 13, 2025
Location: Washington, DC

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Mrs. FISCHBACH. Mr. Speaker, President Trump's 2017 tax package created section 199A, a 20 percent small business deduction to help small businesses and family farms like those in my district. In fact, three out of four small business employers in this country have benefited from this tax provision.

Unfortunately, this deduction is one of many set to expire this year. The National Federation of Independent Business has circulated a petition, which has over 100,000 signatures, urging Congress to make this vital tax deduction permanent and stop a massive tax hike on our small businesses.

Mr. Speaker, I urge my colleagues to listen to our local businessowners and join me in supporting making the 199A deduction permanent.

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