More than 150 Small-Business owners came together to learn about, discuss, and ratify NSBA's Priority Issues through the 119th Congress.
FOR IMMEDIATE RELEASE
Friday, Feb. 7, 2025
Contact Molly Day
202-552-2904
Small Business Votes Extending Expiring Tax Provisions #1 Priority
Washington, D.C. – The National Small Business Association (NSBA) has unveiled its Top Priorities for the 119th Congress, a result of its biennial Small Business Congress, held Feb. 6-7 in Washington, D.C. Small businesses selected extending the expiring Tax Cuts and Jobs Act (TCJA) tax provisions, improving small-business contracting, repealing the Corporate Transparency Act and improving access to capital among the top priorities for Congress and the administration to address in the coming two years.
“The overwhelming majority of small businesses are pass-throughs, paying business taxes at the individual income level which will leave millions facing major tax hikes in 2026 unless Congress extends the myriad tax breaks that were passed under the 2017 Tax Cuts and Jobs Act.,” stated Todd McCracken NSBA president and CEO. “Our members also continue to tell us what a major headache the ever-changing landscape of the CTA is—they need Congress to intervene and put this bad policy to bed for once and for all.”
NSBA’s Top Priorities for the 119th Congress are:
1. Extend Expiring Tax Provisions
2. Extend 199A Pass-Through Deduction
3. Rein in the Costs of Health Care
4. Repeal the Corporate Transparency Act
5. Improve Access to Capital
6. Strengthen SBA Office of Advocacy
7. Eliminate the Self Employment Tax on Health Care
8. Support Robust Small Business Contracting
9. Strengthen Federal Innovation Programs
10. Strengthen SBA Lending
“At NSBA, through the Small Business Congress, we set the agenda, not special interest groups, not political parties, not corporate interests – small businesses set our agenda,” stated NSBA Chair Michael Canty, of Alloy Precision Technologies in Cleveland, Ohio. “This consensus agenda is a testament to the pragmatism and thoughtfulness of our members, a diverse group of small-business owners from every state and industry in the nation who work in a bipartisan fashion to get things done.”
Celebrating nearly 90 years in operation, NSBA is a staunchly nonpartisan organization advocating on behalf of America’s entrepreneurs. NSBA's 65,000 members represent every state and every industry in the U.S. Please visit www.nsbaadvocate.org or follow us at @NSBAAdvocate.
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