Sign the petition to tell elected officials in Washington to make the Tax Cuts and Jobs Act permanent.
The 2017 Tax Cuts and Jobs Act rang in an era of small business expansion and economic prosperity. The legislation allowed small business owners to keep more money in their pocket rather than being shipped off to Uncle Sam.
But at the end 2022, the immediate expensing provision—which allows small businesses to write off the cost of eligible business purchases in the year that they are made—is set to begin phasing out. This provision provides tax relief for businesses while also incentivizing capital investment and economic activity.
In 2025, more elements of the Tax Cuts and Job Act directly related to income taxes are set to expire. Among them is the rate at which some individuals and pass-through small businesses pay federal income taxes and the 20 percent small business tax deduction. Taken together, these sun-setting policies will be a gut punch to the small business community, which is already facing high inflation, labor shortages, and increasing government red tape.
Our elected representatives in Washington need to make provisions included in the Tax Cuts and Jobs Act permanent.
sign the petition
Tell your elected representatives in Washington to make the Tax Cuts and Jobs Act permanent.