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Small business owners say taxes are their biggest worry right now — but help is on the way.
In fact, small business owners overwhelmingly back the historic tax relief in President Donald J. Trump’s One Big Beautiful Bill, according to new polling:
- By a four-to-one margin, small business owners support extending the Trump Tax Cuts by passing the One Big Beautiful Bill.
- 71% of small businesses support maintaining and expanding the small business tax deduction (which the One Big Beautiful Bill does).
- 70% of small businesses say they’re likely to expand or reinvest in their business, boost worker wages or benefits, hire more employees, or increase charitable giving if the Trump Tax Cuts are extended.
- 64% of small businesses say they’re likely to delay expansion, get a loan, reduce inventory, reduce employees, or reduce hours or wages if the Trump Tax Cuts expire.
- 63% of small businesses say No Tax on Tips and No Tax on Overtime will make it easier to hire workers.
Las Vegas Review-Journal: The big beautiful tax bill will bolster small business
- “While there are numerous provisions in this bill that would support America’s small businesses, the update to Section 199A, the qualified business income deduction, would allow small businesses to thrive. This deduction is crucial for small businesses, allowing owners to deduct qualified business income. For many small businesses, this deduction has enabled them to remain afloat despite challenging market conditions.”
Inc.: Trump’s ‘Big Beautiful Bill’ Offers a Big Tax Win for Small Businesses
- “Among its many provisions are an increased tax deduction for qualified business income at pass-through companies; a higher deduction for state and local taxes; and the extension of various other corporate and individual tax cuts that President Trump passed during his first term, which are otherwise set to expire at the end of this year. The total tax cut included in the bill is estimated to be around $4 trillion.”
National Federation of Independent Business: One Big Beautiful Bill Act is one of the most pro-small business pieces of legislation in recent history
- “The National Federation of Independent Business (NFIB) supports the One Big Beautiful Bill Act because it is one of the most pro-small business pieces of legislation in recent history. The bill prevents a massive tax hike on over 33 million small business owners, while also providing a tax cut for most small business owners.”
The post America’s Job Creators Back the One Big Beautiful Bill appeared first on The White House.
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