In Washington, passing major tax legislation is hard. Convincing Americans they actually benefited from it is often even harder.

That’s the central argument David Winston – founder of the polling and research firm The Winston Group and a longtime S-Corp ally – makes in a recent Roll Call op-ed, and it rings especially true for Main Street employers. Despite the significance of the One Big Beautiful Bill (now being referred to as the “Working Families Tax Cut”), public perception hasn’t quite caught up to reality. As David notes, tax cuts don’t often get the credit they deserve, and people may …

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Thanks to the OB3, Section 199A is now a permanent fixture of the Tax Code. Millions of small and family-owned businesses can now stop worrying about their taxes and refocus on growing and hiring.  It’s a good thing that means more investment and jobs on Main Street.

That doesn’t mean the debate is over, however.

A Congressional Research Service (CRS) report, for example, included a nice overview of the provision, but also made a point about horizontal equity we’ve seen previously:

The deduction may diminish horizontal tax equity in two ways. First, it taxes wage earners and pass-through business owners …

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Enactment of the Big Beautiful Bill was a big beautiful win for Main Street – making permanent the lower tax rates, 20-percent deduction for small and family-owned businesses, and the higher estate tax exemptions. All these provisions help pass-through businesses compete with their larger, publicly-owned competition and they help to protect the 2.6 million jobs that depend on the 199A deduction.

With the bill signed into law, what’s next? This from Bloomberg:

“Everyone’s been coming off the momentum, because we’ve had a lot of wins, and so I think that’s what’s been pushing this idea that we’re going to maybe …

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With the House preparing to vote as early as today on the Senate-passed reconciliation bill, any lawmakers still undecided should take a close look at what’s at stake for Main Street businesses across the country. Absent congressional action, these businesses will be hit with an unprecedented tax hike, putting millions of jobs and billions in wages and economic growth at risk.

The urgency here stems from the looming expiration of the Section 199A deduction, which sunsets at the end of this year. We’ve done a number of studies in the past showing the benefits of 199A when it comes to …

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