S 213 · in committee · significant
Main Street Tax Certainty Act
- taxes
What this bill does
- This bill makes the qualified business income tax deduction permanent instead of letting it expire after 2025.
- Small business owners, self-employed individuals, and investors in pass-through entities would benefit from the permanent deduction.
- The deduction allows qualifying businesses to reduce taxable income by up to 20% with no new federal spending required.
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Community Threads
Started by Cosponsor
- 01
How would making this deduction permanent affect federal tax revenue compared to letting it expire in 2025?
- 02
Which types of business owners would benefit most from a permanent 20% income deduction, and which might benefit least?
- 03
What evidence exists that this deduction actually increases business investment and job creation rather than just reducing taxes owed?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · R-MT
Steve Daines
Citizen cosponsors
0
In Congress
45/ 100
Senators cosponsoring
Introduced 2025-01-23
Joining the bill
Ted Cruz
R-TX · original
John R. Curtis
R-UT · original
Marsha Blackburn
R-TN · original
Ted Budd
R-NC · original
Katie Boyd Britt
R-AL · original
John Barrasso
R-WY · original
Shelley Moore Capito
R-WV · original
Jim Banks
R-IN · original
Bill Cassidy
R-LA · original
Tom Cotton
R-AR · original
Kevin Cramer
R-ND · original
Joni Ernst
R-IA · original
+ 33 more
Legislative timeline
2025-01-23 · senate · IntroReferral
Read twice and referred to the Committee on Finance.
2025-01-23 · IntroReferral
Introduced in Senate
Citizen comments
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