NFIB member Michael Snyder from Blacksburg has called on Congress to act swiftly to make the 20% Small Business Deduction permanent before its expiration at the end of the year. In an editorial for The Post and Courier, Snyder emphasized the deduction’s impact since its introduction as part of the 2017 Tax Cuts and Jobs Act.
Snyder, who owns TotalBC Inc., a provider of VoIP business phones and IT services, highlighted how the deduction enabled him to enhance employee benefits and expand his workforce. “As soon as I had my tax savings in hand, I announced to my 12 employees that I would cover 100 percent of their health insurance premiums,” he stated. Before this tax cut, such coverage was unaffordable for him.
The deduction also facilitated job creation within his company, including a new marketing position that contributed to business growth. “The tax cut also helped me weather hard times,” Snyder noted. It prevented layoffs during challenging periods.
Recently, the U.S. House of Representatives passed the One Big Beautiful Bill Act, which includes making this deduction permanent. The bill now awaits Senate action.
Snyder warned that if Congress does not extend the deduction, small businesses will face significant tax increases. “I may have to lay off at least one employee,” he wrote. This situation could also lead to fewer raises—decisions he is reluctant to make.
He urged lawmakers to provide small businesses with similar advantages granted to large corporations by making this deduction permanent. “Running a small business is already hard enough,” Snyder concluded, expressing hope for supportive legislative actions from Washington leaders.
Click here to read the full guest editorial.
