During President Trump’s first administration, Congress passed the Tax Cuts and Jobs Act (TCJA), which helped supercharge the economy and strengthen businesses of all sizes, including the smaller ones serving rural communities nationwide.

Now, however, the tens of millions of small businesses that benefited from the lower rates, tax cuts, reductions and other reforms made by the TCJA face a looming tax hike if Congress doesn’t act soon. That’s because many of the 2017 tax law’s most essential cuts and deductions run out at the end of the year, and others already need to be restored.

Some of the provisions of the TCJA, scheduled to sunset at the end of 2025 or that have already expired, include the 20% qualified business income deduction, which many small businesses have benefited from, a

See Full Page