Rep. Randy Weber (TX-14) was honored in Galveston by NFIB and local business leaders for backing legislation to make the 20% Small Business Deduction permanent, a move they say strengthens Main Street.
This week, small business leaders expressed their appreciation for U.S. Rep. Randy Weber (R-Texas 14th District) following his backing of legislation aimed at making the 20% Small Business Deduction a permanent fixture.
At a breakfast meeting, Weber engaged with members of the Galveston Regional Chamber of Commerce and the National Federation of Independent Business (NFIB), sharing insights on the “One Big Beautiful Bill Act” and its implications for entrepreneurs in Texas.
The 20% Small Business Deduction, introduced with the 2017 Tax Cuts and Jobs Act, enables numerous small business owners structured as pass-through entities to deduct as much as 20% of their eligible business income. Advocates argue that establishing the deduction as a permanent fixture provides business owners with the stability needed for strategic planning regarding investments, hiring, and growth initiatives.
“We express our gratitude to Rep. Weber for his dedication to the interests of Main Street Texans,” stated NFIB Principal Louis Bertolotti. “The decision to make the Small Business Deduction permanent has provided tangible assurance to small business owners in Texas and nationwide.”
Jeff Burdett, the State Director of NFIB, reinforced those sentiments, stating that the tax provision has served as a crucial support for local employers. “The decision to make the 20% Small Business Deduction permanent is a significant step forward, allowing Main Street to focus on its core mission: providing excellent service to customers and generating quality employment opportunities,” Burdett stated.
During the event, NFIB leaders provided a legislative update, highlighting the current policy priorities that impact small business owners in Texas.
Weber, representing the Galveston area, emphasized his commitment to alleviating challenges faced by small businesses that are vital to the state's economic landscape. “By facilitating the success of small businesses, we bolster our communities and open up new opportunities,” Weber stated.
The NFIB, representing a multitude of small and independent businesses throughout the state, has consistently championed the need for stability in tax policy. Officials emphasized that clarity regarding the deduction empowers Main Street businesses to enhance their competitiveness, especially during periods of economic uncertainty.
