Peace Garden News

A recent poll released by the National Federation of Independent Business (NFIB) reveals strong bipartisan support for maintaining the 20% Small Business Tax Deduction. In the survey, more than 8 in 10 Americans expressed the importance of federal government support for small businesses, with 93% agreeing on the need to make the deduction permanent.

NFIB President, Brad Close, remarked, "This research reinforces the high stakes of this Congressional tax debate. Americans recognize the immense value of the 20% Small Business Tax Deduction and are concerned about the devastating consequences should Congress fail to act. NFIB strongly urges Congress to make the deduction permanent and deliver the certainty small businesses need to continue to grow, hire, and give back to their communities."

NFIB North Dakota State Director Don Larson underscored the significance of the deduction on local economies. "North Dakotans recognize the importance of small businesses in our communities,” he stated. “Making the 20% Small Business Tax Deduction permanent will help Main Street businesses continue to succeed and contribute to our economy."

The poll highlighted that 83% of respondents deemed federal support for small businesses important, with an overwhelming majority of Republicans, Democrats, and Independents in agreement. Additionally, 79% of respondents wish for increased support for these enterprises.

The survey also emphasized the positive impact of the tax deduction, with 62% wanting it to remain in the tax code and 77% asserting that it helps level the playing field for small businesses against larger corporations. Furthermore, 91% of Americans acknowledge small businesses’ reliance on this deduction for economic success.

The deduction, established under the 2017 Tax Cuts and Jobs Act (TCJA), is set to expire by the end of 2025. The survey, carried out by Seven Letter Insight for NFIB, involved 2000 American voters and a key oversample of 500 small business owners. The survey was conducted from March 21 to March 25, 2025, with a margin of error of +/-2.0%.