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.

The deduction is set to expire in 2025 but is heavily relied upon by many Big “I” members and their clients.
Sen. Jon Tester (D-Montana) spoke to Big “I” members about working with them on the Federal Crop Insurance Program, and the importance of independent insurance agents in keeping the nation’s economy strong and growing.
Rep. Cathy McMorris Rodgers (R-Washington), spoke to Big “I” members about the importance of advocacy and her work as chair of the U.S. House of Representatives Energy and Commerce Committee.
InsurPac, the Big “I” political action committee (PAC), raised $1,269,794 during the 2022 calendar year, surpassing its previous high from 2021.
In its submitted comments, the Big “I” stated that its “members have significant interest in the proposed regulation and worry the proposal will threaten the competitiveness, viability, and value of their businesses.”
Rep. McMorris Rodgers (R-Washington), Sen. Tester (D-Montana) and Rep. Hinson (R-Iowa) will address Big “I” Legislative attendees. A new government affairs video outlines top issues for Capitol Hill meetings next week.
The Consumer Financial Protection Bureau was considering the adoption of burdensome mandates that would have disrupted premium finance transactions.
Costello reminded members of Congress—and their staff—of the critical role the independent insurance agency system plays in protecting America’s families and businesses.
The more than $4 trillion in tax hikes this budget proposes would dangerously target small businesses.
The hearing, which will be livestreamed, will examine the availability of flood insurance in the United States and the steps that can be taken to increase take-up rates.