MAKE 199A DEDUCTION PERMANENT

MAKE 199A DEDUCTION PERMANENT

Congressional Record, Volume 171 Issue 6 (Monday, January 13, 2025) [Congressional Record Volume 171, Number 6 (Monday, January 13, 2025)] [House] [Page H97] From the Congressional Record Online through the Government Publishing Office [ www.gpo.gov ] MAKE 199A DEDUCTION PERMANENT The SPEAKER pro tempore. The Chair recognizes the gentlewoman from Minnesota (Mrs. Fischbach) for 5 minutes. Mrs. FISCHBACH. Mr. Speaker, President Trump's 2017 tax package created section 199A, a 20 percent small business deduction to help small businesses and family farms like those in my district. In fact, three out of four small business employers in this country have benefited from this tax provision. Unfortunately, this deduction is one of many set to expire this year. The National Federation of Independent Business has circulated a petition, which has over 100,000 signatures, urging Congress to make this vital tax deduction permanent and stop a massive tax hike on our small businesses. Mr. Speaker, I urge my colleagues to listen to our local businessowners and join me in supporting making the 199A deduction permanent. ____________________