In the last couple of months of Congress, finally, I want to talk about small business. The backbone of my district is small business and I am so happy that The working family tax cut... has in it the 20% qualified business income deduction. income deduction. And it has support for pass through entities like S Corps, LLCs and partnerships. And of course it has other provisions regarding depreciation, stuff that only your accountant could love. (02:39–12:29)
CLAIM
Asserts that the tax cut includes a 20% qualified business income deduction.
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