Big ‘I’ Secures Important Wins as House Passes Tax Package
The bill would make permanent and increase the 199A deduction for pass-through entities from 20% to 23%, which is a huge win for many independent insurance agencies.
News
Rep. Gottheimer Discusses 20% Tax Deduction and Bipartisan Solutions
Rep. Josh Gottheimer (D-New Jersey) spoke to Big “I” members to discuss the political climate on Capitol Hill, as well as progress on key Big “I” legislative priorities.
Legislation Making Tax Relief for Small Businesses Permanent Reintroduced in House
The deduction, which is scheduled to expire at the end of 2025, is heavily relied upon by many Big “I” members and their clients to expand their small businesses, hire more employees, and better serve their communities.
Senate Reintroduces Bill to Make 20% Tax Deduction for Small Businesses Permanent
The deduction is set to expire in 2025 but is heavily relied upon by many Big “I” members and their clients.
Small Businesses Face Higher Taxes in President Biden’s FY2024 Budget
The more than $4 trillion in tax hikes this budget proposes would dangerously target small businesses.
House Passes Bill to Cut IRS Funding
The legislation, which passed on partisan lines, was the House Republicans’ first major bill of the year and was one of their top campaign issues throughout the midterms.
