When we passed the One Big Beautiful Bill, we made sure that America’s small businesses, the true backbone of our economy, are set up for success. Because when small businesses succeed, America succeeds. 

MAKING THE QUALIFIED BUSINESS INCOME DEDUCTION PERMANENT

By extending and expanding the 20 percent qualified business income deduction, originally introduced in the Tax Cuts and Jobs Act of 2017, eligible small business owners can enjoy this permanent reduction on their passthrough income. This will keep more money in the hands of entrepreneurs who work to support our communities’ economies. 

STIMULATING GROWTH & INNOVATION

The bill doubles the Section 179 deduction cap from the previous $1.25 million to $2.5 million, which will empower business owners to replace more outdated equipment, hire more workers, and take on new projects. Our communities’ small business owners are the people who are creating jobs and training the next generation—this provision ensures that they have the tools to keep their doors open and grow revenues. 

UNLOCKING INVESTMENT WITH IMMEDIATE EXPENSING

When a small business invests in new tools and technology, they shouldn’t have to wait years to recover those costs. In restoring 100 percent expensing, we’ve made it easier for businesses to reinvest in themselves and their workers immediately. This is how you grow an economy from the ground up and let entrepreneurs put their money back into their work. 

And the results already speak for themselves—small business confidence is surging. Nearly half of business owners now say the economy is “excellent” or “good”, up from only 30 percent in the last quarter. This isn’t by accident. It’s the direct result of policies that reward hard work and risk-taking.