Member DashboardAdvocacy Action Center
NAFEM is amplifying its advocacy efforts through a new resource, the Advocacy Action Center, featuring tools that allow members to track and reach out on legislation and regulations at the state and federal level. This is your opportunity to advocate for the industry and help drive the legislative/regulatory agenda and share your individual story on how a proposed regulation or legislation will impact your company.
Support permanency of tax provisions from the 2017 Tax Cuts and Jobs Act
According to the National Association of Manufacturers, 6 million American jobs will be lost if Congress does not act to extend or make these provision permanent. See “What’s at Stake” and review the study by EY on the Economic impacts of the expiration of tax policies that encourage manufacturing in the United States.
Make the Small Business Deduction Permanent
The 2017 Tax Cuts and Jobs Act included a change to Section 199A, allowing small businesses organized as pass-throughs (S corps, LLC, sole proprietorships, or partnerships) to claim up to a 20% tax deduction on qualified business income.
This deduction is scheduled to expire at the end of 2025.
If this is an important issue for your company, contact your representatives in Congress below.
For more information on this issue, follow this link to the National Federation of Independent Businesses (NFIB) website, or review this fact sheet from the National Association of Manufacturers (NAM).