[Congressional Record Volume 171, Number 6 (Monday, January 13, 2025)]
[House]
[Page H97]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
MAKE 199A DEDUCTION PERMANENT
The SPEAKER pro tempore. The Chair recognizes the gentlewoman from
Minnesota (Mrs. Fischbach) for 5 minutes.
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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