From no tax on tips to no tax on overtime to a doubling of the standard deduction to lowering tax brackets for everybody at all income levels. The One Big beautiful bill is a benefit to working Americans across the board. One of the most important provisions in the One Big beautiful bill...was something known as section 199A. It allows eligible small businesses to deduct up to 20% of their qualified business income. Now, for a small business, permanence is paramount. Farmers and local employers can now plan ahead rather than wait for the next congressional deadline. (02:29–02:50)
CLAIM
Asserts that section 199A provides a 20% deduction for small businesses.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
