With the summer season underway and Labor Day on the horizon, the National Federation of Independent Business (NFIB) reflects on recent achievements for small businesses and outlines future challenges.
The NFIB celebrated a significant victory with the permanent inclusion of the 20% Small Business Deduction in U.S. tax law. This was part of the One Big Beautiful Bill Act signed by President Trump on July 4. “President Trump and Congress have the gratitude of 33 million American small business owners, who are all breathing a huge sigh of relief,” stated NFIB President Brad Close. He emphasized that this legislation provides certainty and a level playing field for growth, hiring, employee support, and community contributions.
Looking ahead, NFIB’s next objective is to repeal the Beneficial Ownership Information (BOI) requirement and registry. Although current U.S. small business owners are exempt from BOI reporting requirements, there is a push for Congress to eliminate this law and instruct FinCEN to destroy existing beneficial ownership data submitted by small businesses.
In Nevada’s state legislature, NFIB played a role in passing five bills favorable to small businesses while persuading the governor to veto five detrimental bills.
The organization also released its Small Business Problems & Priorities report ranking issues affecting small businesses every four years. The cost of healthcare remains a top concern for business owners over several decades.
Additionally, various research tools like monthly Jobs Reports and Optimism Index surveys offer insights into job openings, hiring plans, capital expenditures, credit conditions, inventory levels, and overall economic optimism among small businesses nationwide.
Special surveys conducted in 2025 explored technology use among small businesses and their contributions to communities through volunteering time or financial support. A survey highlighted that “Financial support was the most common method small businesses used to support their community.”
For more details or inquiries about these topics related directly back towards your specific region reach out via email either Tray Abney at tray@abneygr.com or Tony Malandra anthony.malandra@nfib.org
