HR 703 · in committee · major
Main Street Tax Certainty Act
- taxes
What this bill does
- This bill makes the 20% business income tax deduction permanent instead of letting it expire in 2025.
- It affects small business owners, self-employed people, and investors in real estate trusts and partnerships.
- The change takes effect after 2025 and reduces taxes owed by eligible business owners going forward.
Generated by claude-haiku-4-5
Community Threads
Started by Cosponsor
- 01
How would making the 20% business income deduction permanent affect federal tax revenue compared to letting it expire in 2025?
- 02
Which types of business owners and investors would benefit most from this deduction, and are there concerns about unequal impacts across different industries?
- 03
What evidence supports the claim that permanently extending this deduction would help small businesses more than other tax policy alternatives?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · R-PA-11
Lloyd Smucker
Citizen cosponsors
0
In Congress
192/ 435
House Reps cosponsoring
Introduced 2025-01-23
Joining the bill
Mark E. Amodei
R-NV-2 · original
Jack Bergman
R-MI-1 · original
Jodey C. Arrington
R-TX-19 · original
Mark Alford
R-MO-4 · original
Rick W. Allen
R-GA-12 · original
Stephanie I. Bice
R-OK-5 · original
Gus M. Bilirakis
R-FL-12 · original
Vern Buchanan
R-FL-16 · original
Andy Barr
R-KY-6 · original
Mike Bost
R-IL-12 · original
Don Bacon
R-NE-2 · original
Troy Balderson
R-OH-12 · original
+ 180 more
Legislative timeline
2025-01-23 · house · IntroReferral
Referred to the House Committee on Ways and Means.
2025-01-23 · IntroReferral
Introduced in House
2025-01-23 · IntroReferral
Introduced in House
Citizen comments
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