Hawkeye Reporter

In a recent interview on the Simon Conway Show, Matt Everson, the NFIB State Director, discussed an important new report. This report examines the potential impact of making the 20% Small Business Tax Deduction permanent in Iowa.

According to the report, the expiration of this tax provision could have severe consequences for small businesses in both Iowa and the broader U.S. economy. It warns of a potential economic slowdown and increased financial strain on local businesses if the deduction is not maintained.

Matt Everson emphasized the deduction's benefits, stating, "The small business tax deduction has created thousands of jobs and has put millions of dollars back in the pockets of small businesses where they can spend on expansion, employees, their communities, and whatever else they see necessary."

Listeners who wish to hear the full interview with Simon Conway can access it online, and there is also an option available to contact lawmakers about making the small business tax savings permanent.