Small businesses make up 99.9% of all American businesses, but they are too often ignored in Washington, and the debate around the One Big Beautiful Bill Act is no exception. While there has been discussion about the bill’s price tag and spending cuts, less attention has been paid to how the bill’s tax policies will help small businesses.

Small businesses across the country, including the wholesaler-distributors and equipment manufacturers that we represent, have been hit by high prices and economic uncertainty and are in desperate need of policies that will help them grow. The “big, beautiful bill” achieves exactly that by enacting numerous tax policies to help businesses reinvest in their workforce, expand their operations, and grow the economy.  

For instance, the legislation makes the 199A small business deduction permanent and expands it to 20%. This will provide relief and certainty to over 25 million businesses, according to IRS data. Since it was first enacted in 2017, the deduction has helped support 2.6 million jobs, $161 billion in annual........

© Washington Examiner