Unite a variety of small, medium and large businesses that oppose the expiration of 199A Qualified Business Income Deduction (QBI)
We’re building grassroots coalitions across the country to educate and advocate for pro-business tax policies that will help contribute to the growth of local economies.
Entrepreneurs are the backbone of this country and our economy. 199A helps them compete with large corporations.
If 199A is not extended, it will harm growing businesses by limiting an entrepreneur’s ability to invest more profits in their growing businesses, ultimately hindering their ability to create more jobs.
The Section 199A deduction was enacted as part of the 2017 Tax Cuts and Jobs Act (TCJA) to ensure passthrough business owners would pay tax rates more comparable to the new flat 21%corporate rate.
About 95% of U.S. businesses are passthroughs eligible for the Section 199A deduction-these successful businesses account for the majority of nationwide employment and GDP.
Eliminating the Section 199A deduction would dramatically increase the tax rate on successful small businesses.