Big ‘I’ Praises Reintroduction of Main Street Tax Certainty Act
Legislation to make small business deduction permanent reintroduced in House and Senate. WASHINGTON, DC, February 26, 2021— The Independent Insurance Agents & Brokers of America (the Big “I") is grateful for the reintroduction of the “Main Street Tax Certainty Act" in the U.S. House of Representatives by Reps. Jason Smith (R-Missouri) and Henry Cuellar (D-Texas) and in the U.S. Senate by Sen. Steve Daines (R-Montana). The legislation would make permanent a 20% deduction on qualified business income for some owners and shareholders of pass-through businesses.“The Big 'I' thanks Reps. Smith and Cuellar and Sen. Daines for their work to reintroduce the Main Street Tax Certainty Act,"…