Trade groups support reintroduced small business tax deduction bill

The Main Street Tax Certainty Act, sponsored by Rep. Lloyd Smucker and Sen. Steve Daines, aims to establish tax parity for small businesses. Supported by two-thirds of the House Republican Conference, and 235 business trade groups, the bill seeks to maintain vital tax provisions for pass-through entities vital to the economy. Overwhelming majority House sponsors are Republicans, with only two Democrat co-sponsors. These pass-throughs represent 95% of businesses and contribute significantly to community stability and job growth, stimulating the economy and preventing decay in local industries.

The Main Street Tax Certainty Act aims to ensure tax parity for small businesses, with support from 235 trade groups and two-thirds of House Republicans.

Pass-through businesses are vital, comprising 95% of American businesses and employing 63% of private sector workers, forming the backbone of local communities.

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